1,470 Shares in Expeditors International of Washington (EXPD) Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new stake in Expeditors International of Washington (NASDAQ:EXPD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,470 shares of the transportation company’s stock, valued at approximately $100,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its position in Expeditors International of Washington by 1.7% in the third quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock valued at $1,509,974,000 after buying an additional 336,122 shares in the last quarter. BlackRock Inc. raised its stake in shares of Expeditors International of Washington by 1.8% during the fourth quarter. BlackRock Inc. now owns 14,648,105 shares of the transportation company’s stock valued at $997,390,000 after acquiring an additional 261,923 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Expeditors International of Washington by 2.7% during the fourth quarter. Bank of America Corp DE now owns 4,465,382 shares of the transportation company’s stock valued at $304,048,000 after acquiring an additional 118,184 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of Expeditors International of Washington by 1.8% during the third quarter. Select Equity Group L.P. now owns 4,368,794 shares of the transportation company’s stock valued at $321,237,000 after acquiring an additional 78,200 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of Expeditors International of Washington by 13.9% during the fourth quarter. Commonwealth Bank of Australia now owns 4,183,382 shares of the transportation company’s stock valued at $284,830,000 after acquiring an additional 510,958 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington stock opened at $79.28 on Friday. Expeditors International of Washington has a fifty-two week low of $61.69 and a fifty-two week high of $80.69. The stock has a market cap of $13.75 billion, a P/E ratio of 22.78, a PEG ratio of 2.83 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, February 19th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.17. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Expeditors International of Washington had a net margin of 7.60% and a return on equity of 31.62%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. As a group, analysts predict that Expeditors International of Washington will post 3.54 EPS for the current year.

A number of brokerages recently weighed in on EXPD. ValuEngine raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Stifel Nicolaus set a $77.00 price target on shares of Expeditors International of Washington and gave the stock a “hold” rating in a report on Friday, February 22nd. Cowen restated a “market perform” rating and issued a $78.00 price target (up from $75.00) on shares of Expeditors International of Washington in a report on Wednesday, February 20th. Finally, Credit Suisse Group raised their price target on shares of Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $74.57.

In other news, insider Philip M. Coughlin sold 544 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $75.91, for a total value of $41,295.04. Following the sale, the insider now owns 21,220 shares of the company’s stock, valued at $1,610,810.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey S. Musser sold 2,725 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $74.57, for a total transaction of $203,203.25. Following the completion of the sale, the insider now directly owns 18,402 shares in the company, valued at approximately $1,372,237.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,183 shares of company stock worth $1,972,217. Insiders own 1.20% 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, 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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