Rockland Trust Co. lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,917 shares of the transportation company’s stock after selling 286 shares during the period. Rockland Trust Co.’s holdings in Expeditors International of Washington were worth $304,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in EXPD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Expeditors International of Washington by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock valued at $2,338,000 after purchasing an additional 1,404 shares during the period. Sei Investments Co. grew its stake in shares of Expeditors International of Washington by 6.7% during the 1st quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock valued at $13,801,000 after purchasing an additional 8,438 shares during the period. National Pension Service increased its position in shares of Expeditors International of Washington by 4.9% during the 1st quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock valued at $29,784,000 after purchasing an additional 13,608 shares during the last quarter. Vanguard Group Inc. grew its position in Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after buying an additional 190,319 shares during the period. Finally, Zions Bancorporation N.A. raised its position in Expeditors International of Washington by 234.3% in the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after acquiring an additional 403 shares during the period. Hedge funds and other institutional investors own 93.26% of the company’s stock.
Analysts Set New Price Targets
EXPD has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Expeditors International of Washington from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, February 22nd. StockNews.com assumed coverage on shares of Expeditors International of Washington in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Cowen dropped their price target on shares of Expeditors International of Washington from $122.00 to $108.00 in a research report on Friday, January 6th. Finally, Morgan Stanley reduced their price objective on shares of Expeditors International of Washington from $90.00 to $87.00 and set an “underweight” rating for the company in a research note on Monday, February 27th. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Reduce” and an average target price of $100.50.
Expeditors International of Washington Trading Up 2.9 %
Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The transportation company reported $1.38 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.71). The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Expeditors International of Washington had a net margin of 7.95% and a return on equity of 38.81%. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.
Insider Transactions at Expeditors International of Washington
In other news, CEO Jeffrey S. Musser sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $109.76, for a total value of $1,097,600.00. Following the transaction, the chief executive officer now owns 137,309 shares in the company, valued at $15,071,035.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.
Expeditors International of Washington Profile
Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.
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