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

Busey Bank raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,613 shares of the transportation company’s stock after acquiring an additional 927 shares during the quarter. Busey Bank owned about 0.07% of Expeditors International of Washington worth $12,301,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Expeditors International of Washington by 24.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,996 shares of the transportation company’s stock valued at $4,619,000 after purchasing an additional 7,540 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Expeditors International of Washington in the first quarter worth $78,000. MV Capital Management Inc. increased its position in Expeditors International of Washington by 4.2% during the first quarter. MV Capital Management Inc. now owns 20,054 shares of the transportation company’s stock worth $2,438,000 after acquiring an additional 815 shares during the period. Denali Advisors LLC boosted its holdings in Expeditors International of Washington by 12.3% in the 1st quarter. Denali Advisors LLC now owns 4,609 shares of the transportation company’s stock valued at $560,000 after purchasing an additional 504 shares during the period. Finally, Norden Group LLC acquired a new stake in Expeditors International of Washington in the 1st quarter worth $966,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.0 %

Shares of Expeditors International of Washington stock opened at $119.54 on Friday. The stock has a market capitalization of $16.89 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 5.51 and a beta of 0.97. The firm’s 50-day moving average price is $122.87 and its two-hundred day moving average price is $121.07. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share 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 for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EXPD shares. Wolfe Research cut shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Robert W. Baird boosted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. UBS Group raised 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 report on Thursday, August 1st. Finally, TD Cowen cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their target price for the company from $112.00 to $106.00 in a research note on Monday, October 14th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.