Traders Buy Shares of Expeditors International of Washington (EXPD) on Weakness

Traders bought shares of Expeditors International of Washington (NASDAQ:EXPD) on weakness during trading hours on Thursday. $33.38 million flowed into the stock on the tick-up and $11.38 million flowed out of the stock on the tick-down, for a money net flow of $22.00 million into the stock. Of all companies tracked, Expeditors International of Washington had the 24th highest net in-flow for the day. Expeditors International of Washington traded down ($0.16) for the day and closed at $63.46

A number of analysts have commented on the company. Credit Suisse Group reissued an “underperform” rating and issued a $61.00 target price (down previously from $63.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Cowen reissued a “market perform” rating and issued a $65.00 target price (up previously from $58.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Tuesday, February 13th. Stifel Nicolaus reissued a “hold” rating and issued a $65.00 target price (down previously from $67.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. Finally, Barclays reissued a “buy” rating and issued a $70.00 target price on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.11.

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The firm has a market capitalization of $11,114.06, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 2.75 and a beta of 0.69.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.79 billion. Expeditors International of Washington had a return on equity of 22.79% and a net margin of 7.07%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. research analysts anticipate that Expeditors International of Washington will post 2.88 EPS for the current year.

In other news, insider Richard H. Rostan sold 4,500 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $64.65, for a total value of $290,925.00. Following the transaction, the insider now directly owns 56,290 shares in the company, valued at approximately $3,639,148.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Christopher J. Mcclincy sold 2,781 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $64.81, for a total value of $180,236.61. Following the completion of the transaction, the vice president now owns 16,500 shares in the company, valued at $1,069,365. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,457 shares of company stock worth $1,784,235. Company insiders own 0.78% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB boosted its stake in shares of Expeditors International of Washington by 5.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 40,383 shares of the transportation company’s stock worth $2,612,000 after buying an additional 2,006 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Expeditors International of Washington by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 426,334 shares of the transportation company’s stock worth $27,579,000 after buying an additional 5,864 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Expeditors International of Washington by 4.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 97,049 shares of the transportation company’s stock worth $6,278,000 after buying an additional 4,267 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Expeditors International of Washington by 57.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,365 shares of the transportation company’s stock worth $606,000 after buying an additional 3,400 shares during the last quarter. Finally, Banco de Sabadell S.A purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $1,608,000. Hedge funds and other institutional investors own 91.66% of the company’s stock.

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Expeditors International of Washington Company 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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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