Confluence Investment Management LLC Invests $23.18 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Confluence Investment Management LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 190,652 shares of the transportation company’s stock, valued at approximately $23,178,000.

Several other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. bought a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $27,000. CVA Family Office LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $35,000. BKM Wealth Management LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $37,000. Planned Solutions Inc. bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $37,000. Finally, Fortitude Family Office LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $38,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EXPD shares. TD Cowen increased their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Bank of America lifted their price objective on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, Susquehanna lifted their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $111.88.

Get Our Latest Stock Analysis on Expeditors International of Washington

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $0.69 during mid-day trading on Tuesday, hitting $124.42. The stock had a trading volume of 222,627 shares, compared to its average volume of 1,253,514. The firm’s 50 day moving average is $118.16 and its 200 day moving average is $121.57. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 5.75 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company earned $1.45 EPS. The firm’s revenue was down 14.9% compared to the same quarter last year. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 4.89 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.73 dividend. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is presently 30.93%.

About Expeditors International of Washington

(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.

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

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