Wendell David Associates Inc. Decreases Holdings in Expeditors International of Washington (EXPD)

Wendell David Associates Inc. lowered its stake in Expeditors International of Washington (NASDAQ:EXPD) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,774 shares of the transportation company’s stock after selling 1,000 shares during the quarter. Wendell David Associates Inc.’s holdings in Expeditors International of Washington were worth $1,577,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Moody National Bank Trust Division acquired a new stake in Expeditors International of Washington during the 1st quarter worth $25,000. JOYN Advisors Inc. raised its stake in Expeditors International of Washington by 632.4% during the 4th quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock worth $34,000 after buying an additional 430 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Expeditors International of Washington by 6,357.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after buying an additional 2,841,903 shares during the period. CX Institutional acquired a new stake in Expeditors International of Washington during the 1st quarter worth $50,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter worth $53,000. 93.98% of the stock is currently owned by institutional investors.

In related news, insider Philip M. Coughlin sold 544 shares of Expeditors International of Washington stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $75.91, for a total transaction of $41,295.04. Following the completion of the transaction, the insider now owns 21,220 shares in the company, valued at $1,610,810.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Mcclincy sold 1,960 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $77.09, for a total value of $151,096.40. Following the transaction, the vice president now owns 12,848 shares of the company’s stock, valued at approximately $990,452.32. The disclosure for this sale can be found here. Insiders have sold 26,183 shares of company stock valued at $1,972,217 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Shares of NASDAQ EXPD opened at $79.16 on Friday. The stock has a market capitalization of $13.60 billion, a PE ratio of 22.75, a P/E/G ratio of 2.80 and a beta of 0.82. Expeditors International of Washington has a fifty-two week low of $62.09 and a fifty-two week high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 19th. The transportation company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.17. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the company earned $0.71 EPS. Expeditors International of Washington’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts expect that Expeditors International of Washington will post 3.55 earnings per share for the current fiscal year.

Several analysts recently commented on EXPD shares. BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. ValuEngine downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Credit Suisse Group raised their price objective on Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 20th. Cowen reiterated a “market perform” rating and set a $78.00 target price (up previously from $75.00) on shares of Expeditors International of Washington in a report on Wednesday, February 20th. Finally, Stifel Nicolaus set a $77.00 target price on Expeditors International of Washington and gave the stock a “hold” rating in a report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $74.57.

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About Expeditors International of Washington

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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