Tompkins Financial Corp Invests $50,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)


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Tompkins Financial Corp purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 743 shares of the transportation company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXPD. Perigon Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $32,000. International Assets Investment Management LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $38,000. Key Financial Inc bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $39,000. Hexavest Inc. boosted its position in shares of Expeditors International of Washington by 279.3% during the fourth quarter. Hexavest Inc. now owns 459 shares of the transportation company’s stock worth $44,000 after purchasing an additional 338 shares in the last quarter. Finally, Tortoise Investment Management LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $50,000. 91.17% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. Credit Suisse Group reissued a “sell” rating and set a $81.00 price target on shares of Expeditors International of Washington in a research report on Wednesday, November 4th. Morgan Stanley raised their price objective on shares of Expeditors International of Washington from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 6th. Zacks Investment Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $106.00 price objective on the stock in a report on Tuesday, January 5th. Cowen raised their price objective on shares of Expeditors International of Washington from $97.00 to $109.00 and gave the stock a “market perform” rating in a report on Wednesday, February 17th. Finally, Barclays lowered shares of Expeditors International of Washington from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 13th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $86.00.

In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 21,114 shares of Expeditors International of Washington stock in a transaction on Friday, December 11th. The shares were sold at an average price of $90.46, for a total value of $1,909,972.44. Following the sale, the chief executive officer now directly owns 48,990 shares in the company, valued at approximately $4,431,635.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Emmert sold 5,600 shares of Expeditors International of Washington stock in a transaction on Friday, December 4th. The shares were sold at an average price of $90.10, for a total transaction of $504,560.00. Following the completion of the sale, the director now owns 15,390 shares in the company, valued at $1,386,639. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Shares of EXPD stock opened at $93.19 on Tuesday. Expeditors International of Washington, Inc. has a 1 year low of $52.55 and a 1 year high of $98.37. The firm’s fifty day moving average price is $93.70 and its two-hundred day moving average price is $91.11. The firm has a market capitalization of $15.77 billion, a P/E ratio of 24.98 and a beta of 0.75.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Monday, February 15th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08. Expeditors International of Washington had a net margin of 7.06% and a return on equity of 28.55%. Equities analysts expect that Expeditors International of Washington, Inc. will post 3.98 earnings per share for the current fiscal year.

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, 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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