Eads & Heald Wealth Management Has $2.46 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Eads & Heald Wealth Management reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,719 shares of the transportation company’s stock after selling 1,042 shares during the period. Expeditors International of Washington comprises 1.2% of Eads & Heald Wealth Management’s holdings, making the stock its 27th largest position. Eads & Heald Wealth Management’s holdings in Expeditors International of Washington were worth $2,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC bought a new stake in Expeditors International of Washington in the first quarter valued at approximately $25,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington during the 2nd quarter valued at $35,000. ORG Partners LLC boosted its position in 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 purchasing an additional 376 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at $52,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXPD. Bank of America raised their target price on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating and decreased their target price for the company from $112.00 to $106.00 in a research report on Monday, October 14th. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Wolfe Research lowered Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $115.33.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $119.02 on Friday. The stock has a market capitalization of $16.80 billion, a PE ratio of 25.54, a P/E/G ratio of 5.05 and a beta of 0.97. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The business has a fifty day moving average price of $122.62 and a two-hundred day moving average price of $121.11.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 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 company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

About Expeditors International of Washington

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.