Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 163,930 shares of the transportation company’s stock after buying an additional 203 shares during the period. Expeditors International of Washington comprises approximately 2.6% of L. Roy Papp & Associates LLP’s holdings, making the stock its 10th biggest position. L. Roy Papp & Associates LLP’s holdings in Expeditors International of Washington were worth $20,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $133,106,000. Renaissance Technologies LLC boosted its stake in Expeditors International of Washington by 1,025.5% during the 1st quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after purchasing an additional 902,600 shares during the period. Select Equity Group L.P. boosted its stake in Expeditors International of Washington by 388.0% during the 4th quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock valued at $69,644,000 after purchasing an additional 532,835 shares during the period. Bank of America Corp DE boosted its stake in Expeditors International of Washington by 16.2% during 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 purchasing an additional 488,561 shares during the period. Finally, Invesco Ltd. boosted its stake in Expeditors International of Washington by 11.2% during the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock valued at $311,208,000 after purchasing an additional 273,388 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’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 sale, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Trading Up 0.3 %

Shares of NASDAQ EXPD traded up $0.33 during midday trading on Friday, reaching $121.57. The company’s stock had a trading volume of 797,547 shares, compared to its average volume of 1,285,931. The company has a 50 day moving average price of $122.79 and a 200 day moving average price of $120.40. Expeditors International of Washington, Inc. has a one year low of $104.68 and a one year high of $131.17. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 9.03 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. Research analysts anticipate that Expeditors International of Washington, Inc. will post 4.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXPD. BNP Paribas downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Bank of America began coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target on the stock. JPMorgan Chase & Co. dropped 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 research report on Tuesday, January 9th. Finally, Stifel Nicolaus boosted their price target on shares of 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. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.75.

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.