Farmers & Merchants Investments Inc. Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Farmers & Merchants Investments Inc. lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,896 shares of the transportation company’s stock after buying an additional 482 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Expeditors International of Washington were worth $5,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of EXPD. Vanguard Group Inc. boosted its stake in shares of Expeditors International of Washington by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock worth $2,029,739,000 after acquiring an additional 190,319 shares during the last quarter. Bank of America Corp DE increased its holdings in Expeditors International of Washington by 16.2% in the 1st quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock valued at $385,481,000 after acquiring an additional 488,561 shares during the last quarter. Invesco Ltd. increased its holdings in Expeditors International of Washington by 11.2% in the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock valued at $311,208,000 after acquiring an additional 273,388 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Expeditors International of Washington by 0.3% in the 1st quarter. Northern Trust Corp now owns 2,486,514 shares of the transportation company’s stock worth $256,508,000 after buying an additional 6,839 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Expeditors International of Washington by 10.6% in the 4th quarter. Morgan Stanley now owns 2,021,645 shares of the transportation company’s stock worth $210,089,000 after buying an additional 193,217 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were 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 owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $117.54 on Wednesday. The firm has a 50-day simple moving average of $122.38 and a two-hundred day simple moving average of $120.44. Expeditors International of Washington, Inc. has a 1-year low of $104.68 and a 1-year high of $131.17. The stock has a market cap of $16.68 billion, a PE ratio of 23.81, a P/E/G ratio of 8.87 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the business posted $1.38 EPS. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 4.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price target on the stock. BNP Paribas downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating on the stock in a report on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $108.75.

View Our Latest Stock Report on EXPD

Expeditors International of Washington Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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