Verdence Capital Advisors LLC Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Verdence Capital Advisors LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 66.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,130 shares of the transportation company’s stock after purchasing an additional 2,853 shares during the period. Verdence Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Expeditors International of Washington by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock worth $2,338,000 after purchasing an additional 1,404 shares during the period. Sei Investments Co. boosted its position in shares of Expeditors International of Washington by 6.7% during the first quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock valued at $13,801,000 after buying an additional 8,438 shares during the period. National Pension Service grew its stake in shares of Expeditors International of Washington by 4.9% during the first quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock valued at $29,784,000 after buying an additional 13,608 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after buying an additional 190,319 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in shares of Expeditors International of Washington by 234.3% in the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $114.61 on Monday. The company has a market cap of $16.26 billion, a PE ratio of 22.92, a P/E/G ratio of 8.47 and a beta of 0.99. The firm’s 50 day moving average price is $119.78 and its 200-day moving average price is $120.64. Expeditors International of Washington, Inc. has a 52-week low of $106.43 and a 52-week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.12). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm’s revenue was down 33.8% compared to the same quarter last year. During the same period last year, the business posted $1.38 EPS. On average, analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal 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 shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on EXPD shares. Bank of America assumed coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. BNP Paribas lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a report on Thursday, January 11th. JPMorgan Chase & Co. boosted their price objective on shares of 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. Finally, Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $108.63.

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.