BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 5,158 Shares of Expeditors International of Washington (EXPD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,087 shares of the transportation company’s stock after acquiring an additional 5,158 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Expeditors International of Washington were worth $4,023,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXPD. Oregon Public Employees Retirement Fund increased its stake in Expeditors International of Washington by 6,357.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after acquiring an additional 2,841,903 shares during the period. Commonwealth Bank of Australia increased its stake in Expeditors International of Washington by 13.9% during the 4th quarter. Commonwealth Bank of Australia now owns 4,183,382 shares of the transportation company’s stock worth $284,830,000 after acquiring an additional 510,958 shares during the period. Bank of New York Mellon Corp increased its stake in Expeditors International of Washington by 16.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,615,897 shares of the transportation company’s stock worth $192,347,000 after acquiring an additional 369,220 shares during the period. Vanguard Group Inc increased its stake in Expeditors International of Washington by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock worth $1,509,974,000 after acquiring an additional 336,122 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in Expeditors International of Washington by 1.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 16,320,981 shares of the transportation company’s stock worth $1,200,081,000 after acquiring an additional 265,778 shares during the period. Hedge funds and other institutional investors own 92.60% of the company’s stock.

Shares of EXPD stock opened at $77.00 on Friday. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.82. Expeditors International of Washington has a fifty-two week low of $60.80 and a fifty-two week high of $78.16.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 19th. The transportation company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.17. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.15 billion. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Equities research analysts expect that Expeditors International of Washington will post 3.55 earnings per share for the current year.

In other Expeditors International of Washington news, insider Philip M. Coughlin sold 2,725 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $74.97, for a total value of $204,293.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel R. Wall sold 9,109 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $75.25, for a total value of $685,452.25. Following the sale, the insider now directly owns 40,079 shares in the company, valued at approximately $3,015,944.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,223 shares of company stock worth $1,821,121. Company insiders own 0.99% of the company’s stock.

A number of equities analysts have commented on EXPD shares. Stifel Nicolaus set a $77.00 price objective on Expeditors International of Washington and gave the stock a “hold” rating in a research note on Friday, February 22nd. ValuEngine lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Goldman Sachs Group lowered Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price objective on the stock. in a research note on Friday, December 7th. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Finally, Cowen reaffirmed a “market perform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Expeditors International of Washington in a report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $74.57.

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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.

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

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