Busey Bank Acquires 927 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Busey Bank raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 93,613 shares of the transportation company’s stock after acquiring an additional 927 shares during the period. Busey Bank’s holdings in Expeditors International of Washington were worth $12,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPD. Crewe Advisors LLC acquired a new position in Expeditors International of Washington in the 1st quarter worth $25,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington during the second quarter worth about $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington during the second quarter worth about $35,000. ORG Partners LLC grew its holdings in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after buying an additional 376 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $119.54 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.59. The company has a 50-day simple moving average of $122.87 and a 200 day simple moving average of $121.07. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and cut their price target for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. Bank of America raised their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.