Jefferies Group LLC Purchases Shares of 20,191 Expeditors International of Washington (EXPD)

Jefferies Group LLC purchased a new position in shares of Expeditors International of Washington (NASDAQ:EXPD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,191 shares of the transportation company’s stock, valued at approximately $1,306,000.

A number of other institutional investors have also modified their holdings of the stock. BTIM Corp. lifted its holdings in Expeditors International of Washington by 0.5% during the fourth quarter. BTIM Corp. now owns 141,526 shares of the transportation company’s stock worth $9,156,000 after acquiring an additional 762 shares during the period. JLB & Associates Inc. lifted its holdings in Expeditors International of Washington by 2.1% during the fourth quarter. JLB & Associates Inc. now owns 42,572 shares of the transportation company’s stock worth $2,753,000 after acquiring an additional 861 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Expeditors International of Washington by 6.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,933 shares of the transportation company’s stock worth $898,000 after acquiring an additional 900 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Expeditors International of Washington by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 59,029 shares of the transportation company’s stock worth $3,533,000 after acquiring an additional 904 shares during the period. Finally, Norinchukin Bank The lifted its holdings in Expeditors International of Washington by 7.6% during the third quarter. Norinchukin Bank The now owns 13,452 shares of the transportation company’s stock worth $805,000 after acquiring an additional 949 shares during the period. Institutional investors and hedge funds own 91.66% of the company’s stock.

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A number of brokerages recently commented on EXPD. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Morgan Stanley reiterated an “equal weight” rating and set a $55.00 price target (up from $51.00) on shares of Expeditors International of Washington in a report on Monday, February 26th. Cowen reiterated a “market perform” rating and set a $65.00 price target (up from $58.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. UBS set a $60.00 price target on Expeditors International of Washington and gave the stock a “sell” rating in a report on Wednesday, February 21st. Finally, Credit Suisse Group restated an “underperform” rating and issued a $61.00 target price (down from $63.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $63.11.

In other news, insider Jeffrey S. Musser sold 2,073 shares of Expeditors International of Washington stock in a transaction on Monday, February 26th. The stock was sold at an average price of $66.54, for a total value of $137,937.42. Following the completion of the transaction, the insider now directly owns 10,126 shares in the company, valued at $673,784.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher J. Mcclincy sold 2,781 shares of Expeditors International of Washington stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total value of $180,236.61. Following the completion of the transaction, the vice president now owns 16,500 shares of the company’s stock, valued at $1,069,365. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,457 shares of company stock valued at $1,784,235. 0.78% of the stock is owned by company insiders.

Shares of EXPD traded down $1.86 during mid-day trading on Friday, hitting $61.59. The stock had a trading volume of 907,460 shares, compared to its average volume of 1,142,749. The firm has a market cap of $11,114.06, a PE ratio of 24.83, a PEG ratio of 2.75 and a beta of 0.69. Expeditors International of Washington has a 52 week low of $51.96 and a 52 week high of $67.63.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 20th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.79 billion. Expeditors International of Washington had a return on equity of 22.79% and a net margin of 7.07%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. equities analysts forecast that Expeditors International of Washington will post 2.88 EPS for the current year.

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About Expeditors International of Washington

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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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

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