Franklin Parlapiano Turner & Welch LLC Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Franklin Parlapiano Turner & Welch LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,743 shares of the transportation company’s stock after selling 1,142 shares during the period. Expeditors International of Washington accounts for 2.4% of Franklin Parlapiano Turner & Welch LLC’s portfolio, making the stock its 12th biggest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Expeditors International of Washington were worth $8,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPD. Norges Bank purchased a new stake in Expeditors International of Washington in the fourth quarter worth $133,106,000. Renaissance Technologies LLC grew its stake in shares of Expeditors International of Washington by 1,025.5% in the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock worth $102,192,000 after acquiring an additional 902,600 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of Expeditors International of Washington by 388.0% in the fourth quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock worth $69,644,000 after acquiring an additional 532,835 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Expeditors International of Washington by 16.2% in the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock worth $385,481,000 after acquiring an additional 488,561 shares during the last quarter. Finally, Invesco Ltd. grew its stake 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 worth $311,208,000 after acquiring an additional 273,388 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock opened at $118.76 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $106.43 and a fifty-two week high of $131.17. The business’s 50-day moving average is $121.05 and its two-hundred day moving average is $120.51. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 8.76 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share 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 firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company posted $1.38 EPS. The firm’s revenue was down 33.8% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 4.74 earnings per share for the current year.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXPD shares. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday. BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research note on Thursday, January 11th. Stifel Nicolaus increased their price objective 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, Bank of America started coverage on Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective on the stock. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.63.

About Expeditors International of Washington

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.