Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Increased by Foster & Motley Inc.

Foster & Motley Inc. increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 171.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,285 shares of the transportation company’s stock after buying an additional 12,180 shares during the quarter. Foster & Motley Inc.’s holdings in Expeditors International of Washington were worth $2,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EXPD. Invesco Ltd. increased its position in Expeditors International of Washington by 11.2% during the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after buying an additional 273,388 shares during the last quarter. Northern Trust Corp grew its position in shares of Expeditors International of Washington by 7.9% in the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after purchasing an additional 159,712 shares during the last quarter. Morgan Stanley grew its position in shares of Expeditors International of Washington by 5.3% in the third quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock valued at $220,524,000 after purchasing an additional 96,787 shares during the last quarter. Barclays PLC grew its position in shares of Expeditors International of Washington by 5.3% in the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock valued at $125,370,000 after purchasing an additional 55,062 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Expeditors International of Washington by 0.8% in the third quarter. Assetmark Inc. now owns 890,119 shares of the transportation company’s stock valued at $102,034,000 after purchasing an additional 7,003 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington 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 in the company, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Up 0.0 %

Shares of EXPD opened at $114.14 on Tuesday. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 8.47 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $106.43 and a 12 month high of $131.17. The company has a 50-day moving average price of $119.54 and a two-hundred day moving average price of $120.63.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $1.38 EPS. The business’s revenue was down 33.8% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXPD shares. Bank of America started coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.63.

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.