Johnson Financial Group Inc. Takes Position in Expeditors International of Washington, Inc. $EXPD

Johnson Financial Group Inc. bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,495 shares of the transportation company’s stock, valued at approximately $6,437,000.

Other large investors also recently bought and sold shares of the company. Rossby Financial LCC lifted its position in Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares during the last quarter. Claro Advisors Inc. increased its holdings in shares of Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Hardy Reed LLC increased its holdings in shares of Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares during the last quarter. Meeder Advisory Services Inc. raised its position in shares of Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after buying an additional 96 shares in the last quarter. Finally, Nicollet Investment Management Inc. lifted its holdings in shares of Expeditors International of Washington by 0.9% in the 4th quarter. Nicollet Investment Management Inc. now owns 11,115 shares of the transportation company’s stock valued at $1,656,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial boosted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Bank of America raised their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. TD Cowen boosted their target price on Expeditors International of Washington from $148.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Expeditors International of Washington from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a report on Wednesday, August 5th. Finally, Stifel Nicolaus raised their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $168.78.

Expeditors International of Washington Trading Up 0.2%

Shares of NASDAQ:EXPD opened at $186.25 on Thursday. Expeditors International of Washington, Inc. has a 12 month low of $112.94 and a 12 month high of $189.99. The company has a market capitalization of $24.21 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 5.00 and a beta of 1.04. The firm’s 50-day moving average is $172.19 and its 200 day moving average is $158.37.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the prior year, the company earned $1.34 earnings per share. The company’s revenue was up 32.1% compared to the same quarter last year. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.