Dupont Capital Management Corp increased its holdings in shares of Expeditors International of Washington (NASDAQ:EXPD) by 114.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,594 shares of the transportation company’s stock after purchasing an additional 2,450 shares during the period. Dupont Capital Management Corp’s holdings in Expeditors International of Washington were worth $358,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Neo Ivy Capital Management lifted its position in shares of Expeditors International of Washington by 113.1% during the 3rd quarter. Neo Ivy Capital Management now owns 7,013 shares of the transportation company’s stock worth $499,000 after purchasing an additional 3,722 shares during the last quarter. National Pension Service raised its holdings in Expeditors International of Washington by 5.3% in the 3rd quarter. National Pension Service now owns 269,832 shares of the transportation company’s stock valued at $20,046,000 after acquiring an additional 13,652 shares in the last quarter. Eads & Heald Wealth Management raised its holdings in Expeditors International of Washington by 12.8% in the 3rd quarter. Eads & Heald Wealth Management now owns 27,995 shares of the transportation company’s stock valued at $2,080,000 after acquiring an additional 3,182 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Expeditors International of Washington by 7.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 977,681 shares of the transportation company’s stock valued at $72,632,000 after acquiring an additional 68,309 shares in the last quarter. Finally, Tuttle Tactical Management acquired a new position in Expeditors International of Washington in the 4th quarter valued at approximately $1,581,000. 91.36% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Bradley S. Powell sold 17,364 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $76.15, for a total value of $1,322,268.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Shares of EXPD opened at $73.34 on Friday. Expeditors International of Washington has a 1 year low of $67.97 and a 1 year high of $81.64. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $76.09 and a 200-day simple moving average of $74.40. The stock has a market cap of $12.61 billion, a PE ratio of 20.26 and a beta of 0.94.
Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, November 5th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.01. Expeditors International of Washington had a return on equity of 30.20% and a net margin of 7.56%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the firm posted $0.92 EPS. Expeditors International of Washington’s quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts forecast that Expeditors International of Washington will post 3.47 EPS for the current fiscal year.
Several research firms have commented on EXPD. Credit Suisse Group cut their price target on Expeditors International of Washington from $70.00 to $68.00 and set an “underperform” rating for the company in a report on Tuesday, January 21st. Zacks Investment Research cut Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $78.00 price target for the company. in a report on Tuesday, December 3rd. Barclays reaffirmed a “hold” rating and issued a $81.00 price target on shares of Expeditors International of Washington in a report on Sunday, January 19th. Robert W. Baird upped their price target on Expeditors International of Washington from $77.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Cowen cut their price target on Expeditors International of Washington from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $72.90.
Expeditors International of Washington Profile
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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.
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