Van ECK Associates Corp boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,852 shares of the transportation company’s stock after acquiring an additional 1,168 shares during the quarter. Van ECK Associates Corp’s holdings in Expeditors International of Washington were worth $3,397,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in EXPD. Raleigh Capital Management Inc. lifted its holdings in Expeditors International of Washington by 200.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 252 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 168 shares in the last quarter. New Hampshire Trust purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth $26,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth $33,000. Covestor Ltd raised its holdings in shares of Expeditors International of Washington by 103.6% during the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock worth $35,000 after acquiring an additional 174 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in shares of Expeditors International of Washington by 172.1% during the 4th quarter. Lindbrook Capital LLC now owns 419 shares of the transportation company’s stock worth $44,000 after acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 97.65% of the company’s stock.
Insider Activity
In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 30,041 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $111.30, for a total transaction of $3,343,563.30. Following the completion of the sale, the chief executive officer now owns 116,587 shares in the company, valued at approximately $12,976,133.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Jeffrey S. Musser sold 30,041 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $111.30, for a total value of $3,343,563.30. Following the completion of the transaction, the chief executive officer now owns 116,587 shares in the company, valued at approximately $12,976,133.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,608 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $117.89, for a total value of $189,567.12. Following the completion of the sale, the vice president now directly owns 5,484 shares in the company, valued at approximately $646,508.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,077 shares of company stock worth $5,117,562. 0.69% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Expeditors International of Washington Stock Down 1.4 %
Shares of NASDAQ:EXPD opened at $125.47 on Wednesday. The stock’s fifty day simple moving average is $119.24 and its 200-day simple moving average is $113.26. Expeditors International of Washington, Inc. has a 52-week low of $86.08 and a 52-week high of $128.04. The company has a market capitalization of $19.17 billion, a P/E ratio of 16.42 and a beta of 1.00.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.12. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.91 billion. Expeditors International of Washington had a return on equity of 37.24% and a net margin of 8.25%. The company’s quarterly revenue was down 44.4% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.51 earnings per share for the current year.
About Expeditors International of Washington
Expeditors International of Washington, Inc, together with its subsidiaries, 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, specialized cargo monitoring and tracking, and other supply chain solutions.
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