Resonant Capital Advisors LLC Has $804,000 Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Resonant Capital Advisors LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,322 shares of the transportation company’s stock after selling 1,419 shares during the period. Resonant Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $804,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Expeditors International of Washington by 6.6% during the first 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 buying an additional 1,404 shares in the last quarter. Sei Investments Co. grew its holdings in 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 worth $13,801,000 after buying an additional 8,438 shares in the last quarter. National Pension Service grew its holdings in 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 worth $29,784,000 after buying an additional 13,608 shares in the last quarter. Vanguard Group Inc. grew its holdings in 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 worth $2,029,739,000 after buying an additional 190,319 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in Expeditors International of Washington by 234.3% during 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 in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $114.56 on Friday. The company has a market capitalization of $16.25 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 8.48 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17. The business has a fifty day moving average price of $119.78 and a two-hundred day moving average price of $120.55.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EXPD shares. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus upped their price objective on 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. Finally, Bank of America started coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective for the company. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $108.63.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is owned by corporate insiders.

About Expeditors International of Washington

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.