HBW Advisory Services LLC purchased a new stake in Expeditors International of Washington (NASDAQ:EXPD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,176 shares of the transportation company’s stock, valued at approximately $248,000.
Other large investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. raised its position in Expeditors International of Washington by 0.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 251,738 shares of the transportation company’s stock valued at $19,107,000 after purchasing an additional 1,141 shares in the last quarter. Arjuna Capital raised its holdings in Expeditors International of Washington by 3.8% in the second quarter. Arjuna Capital now owns 21,432 shares of the transportation company’s stock valued at $1,626,000 after acquiring an additional 789 shares in the last quarter. Schroder Investment Management Group raised its holdings in Expeditors International of Washington by 11.8% in the second quarter. Schroder Investment Management Group now owns 926,369 shares of the transportation company’s stock valued at $70,274,000 after acquiring an additional 97,559 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Expeditors International of Washington by 67.4% in the second quarter. Renaissance Technologies LLC now owns 136,616 shares of the transportation company’s stock worth $10,364,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Expeditors International of Washington by 9.1% in the second quarter. Asset Management One Co. Ltd. now owns 91,152 shares of the transportation company’s stock worth $6,914,000 after acquiring an additional 7,621 shares during the last quarter. 91.36% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Bradley S. Powell sold 17,364 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $76.15, for a total value of $1,322,268.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.
A number of brokerages have commented on EXPD. BidaskClub raised shares of Expeditors International of Washington from a “strong sell” rating to a “sell” rating in a research report on Friday, January 17th. Barclays reiterated a “hold” rating and set a $81.00 target price on shares of Expeditors International of Washington in a research note on Sunday, January 19th. Robert W. Baird increased their target price on Expeditors International of Washington from $77.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Cowen cut their price target on Expeditors International of Washington from $78.00 to $75.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Finally, Zacks Investment Research cut Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $78.00 price objective for the company. in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.90.
EXPD traded down $0.69 on Friday, reaching $73.34. The company had a trading volume of 1,120,107 shares, compared to its average volume of 1,527,868. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $12.61 billion, a PE ratio of 20.26 and a beta of 0.94. Expeditors International of Washington has a 1 year low of $67.97 and a 1 year high of $81.64. The stock has a 50-day moving average price of $76.09 and a 200-day moving average price of $74.40.
Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a return on equity of 30.20% and a net margin of 7.56%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. As a group, analysts expect that Expeditors International of Washington will post 3.47 earnings per share for the current fiscal year.
Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.
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