Van ECK Associates Corp Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Van ECK Associates Corp increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,481 shares of the transportation company’s stock after acquiring an additional 105 shares during the period. Van ECK Associates Corp’s holdings in Expeditors International of Washington were worth $4,004,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. increased its position 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 valued at $311,208,000 after buying an additional 273,388 shares in the last quarter. International Assets Investment Management LLC raised its position in Expeditors International of Washington by 8,732.2% during the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after acquiring an additional 222,846 shares during the period. Envestnet Asset Management Inc. raised its position in Expeditors International of Washington by 36.6% during the third quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock worth $75,375,000 after acquiring an additional 176,270 shares during the period. Northern Trust Corp lifted its holdings in Expeditors International of Washington by 7.9% during the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after purchasing an additional 159,712 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at about $14,503,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.9 %

NASDAQ EXPD opened at $114.96 on Monday. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The business’s fifty day simple moving average is $117.91 and its 200-day simple moving average is $120.35. The firm has a market cap of $16.31 billion, a PE ratio of 22.99, a P/E/G ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm earned $1.38 earnings per share. Expeditors International of Washington’s revenue for the quarter was down 33.8% on a year-over-year basis. Research analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. BNP Paribas cut shares of 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. Finally, Bank of America started coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 target price for the company. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $110.57.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

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.