Expeditors International of Washington (EXPD) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC boosted its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 251,592 shares of the transportation company’s stock after purchasing an additional 10,096 shares during the quarter. Confluence Investment Management LLC owned approximately 0.15% of Expeditors International of Washington worth $19,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPD. Moody National Bank Trust Division acquired a new position in shares of Expeditors International of Washington in the first quarter worth $25,000. JOYN Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 632.4% in the fourth quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock worth $34,000 after acquiring an additional 430 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Expeditors International of Washington by 6,357.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after acquiring an additional 2,841,903 shares during the last quarter. CX Institutional acquired a new position in shares of Expeditors International of Washington in the first quarter worth $50,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth $53,000. Institutional investors own 93.91% of the company’s stock.

In other Expeditors International of Washington news, insider Jeffrey S. Musser sold 2,725 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $74.57, for a total transaction of $203,203.25. Following the completion of the sale, the insider now owns 18,402 shares of the company’s stock, valued at $1,372,237.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher J. Mcclincy sold 1,960 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $77.09, for a total value of $151,096.40. Following the sale, the vice president now directly owns 12,848 shares of the company’s stock, valued at approximately $990,452.32. The disclosure for this sale can be found here. Insiders sold 26,183 shares of company stock valued at $1,972,217 over the last quarter. Insiders own 1.20% of the company’s stock.

Expeditors International of Washington stock opened at $79.81 on Wednesday. The firm has a market capitalization of $13.57 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. Expeditors International of Washington has a 52 week low of $61.69 and a 52 week high of $80.15.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 19th. The transportation company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.17. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. Equities analysts predict that Expeditors International of Washington will post 3.54 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on EXPD shares. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. ValuEngine raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Stifel Nicolaus set a $77.00 target price on Expeditors International of Washington and gave the company a “hold” rating in a research note on Friday, February 22nd. Cowen reiterated a “market perform” rating and issued a $78.00 target price (up from $75.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 20th. Finally, Credit Suisse Group upped their target price on Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a research note on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $74.57.

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Expeditors International of Washington 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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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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