2,900 Shares in Expeditors International of Washington (EXPD) Acquired by Fruth Investment Management

Fruth Investment Management bought a new stake in Expeditors International of Washington (NASDAQ:EXPD) during the 1st quarter, HoldingsChannel.com reports. The fund bought 2,900 shares of the transportation company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted 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 valued at $42,000 after purchasing an additional 2,841,903 shares in the last quarter. Norges Bank bought a new position in Expeditors International of Washington during the 4th quarter valued at $114,445,000. Commonwealth Bank of Australia boosted its stake in Expeditors International of Washington by 13.9% during the 4th quarter. Commonwealth Bank of Australia now owns 4,183,382 shares of the transportation company’s stock valued at $284,830,000 after purchasing an additional 510,958 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Expeditors International of Washington by 16.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,615,897 shares of the transportation company’s stock valued at $192,347,000 after purchasing an additional 369,220 shares in the last quarter. Finally, Vanguard Group Inc boosted its stake in Expeditors International of Washington by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock valued at $1,509,974,000 after purchasing an additional 336,122 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

A number of brokerages have issued reports on EXPD. BidaskClub raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. ValuEngine raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Stifel Nicolaus set a $77.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a research note on Friday, February 22nd. Credit Suisse Group increased their price target on Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a research note on Wednesday, February 20th. Finally, Cowen reaffirmed a “market perform” rating and set a $78.00 price target (up from $75.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $74.57.

EXPD opened at $79.81 on Wednesday. The firm has a market cap of $13.57 billion, a PE ratio of 22.93, a P/E/G ratio of 2.79 and a beta of 0.82. Expeditors International of Washington has a fifty-two week low of $61.69 and a fifty-two week high of $80.15.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.15 billion. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. On average, research analysts anticipate that Expeditors International of Washington will post 3.54 earnings per share for the current year.

In other news, insider Philip M. Coughlin sold 544 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 21,220 shares of the company’s stock, valued at approximately $1,610,810.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel R. Wall sold 9,109 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $75.25, for a total value of $685,452.25. Following the sale, the insider now directly owns 40,079 shares of the company’s stock, valued at $3,015,944.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,183 shares of company stock valued at $1,972,217. Corporate insiders own 1.20% of the company’s stock.

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Expeditors International of Washington 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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