Private Wealth Partners LLC Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Private Wealth Partners LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,600 shares of the transportation company’s stock, valued at approximately $204,000.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Expeditors International of Washington by 11.2% in the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock valued at $311,208,000 after buying an additional 273,388 shares during the period. Northern Trust Corp lifted its holdings in shares of Expeditors International of Washington by 7.9% during the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after purchasing an additional 159,712 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Expeditors International of Washington by 5.3% during the third quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock valued at $220,524,000 after purchasing an additional 96,787 shares during the last quarter. Barclays PLC lifted its holdings in shares of Expeditors International of Washington by 5.3% during the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock valued at $125,370,000 after purchasing an additional 55,062 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Expeditors International of Washington by 0.8% during the third quarter. Assetmark Inc. now owns 890,119 shares of the transportation company’s stock valued at $102,034,000 after purchasing an additional 7,003 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXPD. Bank of America began coverage on Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target on the stock. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Stifel Nicolaus upped their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $108.63.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Trading Up 0.1 %

EXPD traded up $0.15 during midday trading on Friday, reaching $113.30. The company’s stock had a trading volume of 1,051,189 shares, compared to its average volume of 1,120,039. The stock has a market cap of $16.08 billion, a P/E ratio of 22.66, a PEG ratio of 8.36 and a beta of 0.99. The company has a fifty day simple moving average of $118.56 and a 200 day simple moving average of $120.50. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $1.38 EPS. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current year.

Expeditors International of Washington 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.