Kestra Private Wealth Services LLC purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,216 shares of the transportation company’s stock, valued at approximately $230,000.
Other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC raised its position in Expeditors International of Washington by 7.3% during the third quarter. MML Investors Services LLC now owns 5,479 shares of the transportation company’s stock valued at $484,000 after acquiring an additional 375 shares in the last quarter. Aviva PLC raised its position in Expeditors International of Washington by 40.2% during the third quarter. Aviva PLC now owns 111,120 shares of the transportation company’s stock valued at $9,813,000 after acquiring an additional 31,861 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in Expeditors International of Washington by 22.7% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 15,719 shares of the transportation company’s stock valued at $1,634,000 after acquiring an additional 2,910 shares in the last quarter. Royal Bank of Canada raised its position in Expeditors International of Washington by 22.4% during the third quarter. Royal Bank of Canada now owns 1,326,787 shares of the transportation company’s stock valued at $117,169,000 after acquiring an additional 242,396 shares in the last quarter. Finally, Atria Investments Inc raised its position in Expeditors International of Washington by 2.6% during the fourth quarter. Atria Investments Inc now owns 28,583 shares of the transportation company’s stock valued at $2,970,000 after acquiring an additional 718 shares in the last quarter. 93.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
EXPD has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Expeditors International of Washington from $87.00 to $86.00 and set an “underweight” rating on the stock in a report on Tuesday, April 4th. Cowen dropped their price objective on Expeditors International of Washington from $122.00 to $108.00 in a report on Friday, January 6th. Wells Fargo & Company raised their price objective 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. Finally, StockNews.com initiated coverage on Expeditors International of Washington in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Reduce” and a consensus target price of $100.38.
Expeditors International of Washington Price Performance
Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The transportation company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.71). The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $4.17 billion. Expeditors International of Washington had a return on equity of 38.81% and a net margin of 7.95%. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.35 earnings per share for the current year.
Insider Transactions at Expeditors International of Washington
In other news, CEO Jeffrey S. Musser sold 10,000 shares of Expeditors International of Washington 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 sale, the chief executive officer now directly owns 137,309 shares of the company’s stock, valued at $15,071,035.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.69% of the company’s stock.
Expeditors International of Washington Company 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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