Everett Harris & Co. CA Sells 726 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Everett Harris & Co. CA lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 328,841 shares of the transportation company’s stock after selling 726 shares during the quarter. Expeditors International of Washington makes up approximately 0.6% of Everett Harris & Co. CA’s portfolio, making the stock its 28th largest holding. Everett Harris & Co. CA’s holdings in Expeditors International of Washington were worth $41,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Washington Trust Advisors Inc. grew its position in Expeditors International of Washington by 82.9% in the fourth quarter. Washington Trust Advisors Inc. now owns 640 shares of the transportation company’s stock worth $81,000 after acquiring an additional 290 shares in the last quarter. Procyon Advisors LLC boosted its holdings in Expeditors International of Washington by 6.6% in the fourth quarter. Procyon Advisors LLC now owns 16,276 shares of the transportation company’s stock worth $2,070,000 after purchasing an additional 1,003 shares in the last quarter. Planned Solutions Inc. bought a new stake in Expeditors International of Washington in the fourth quarter worth $37,000. Portside Wealth Group LLC increased its position in Expeditors International of Washington by 11.2% during the fourth quarter. Portside Wealth Group LLC now owns 2,647 shares of the transportation company’s stock worth $337,000 after buying an additional 267 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Expeditors International of Washington by 2.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 25,428 shares of the transportation company’s stock valued at $3,234,000 after buying an additional 535 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 1.1 %

NASDAQ EXPD traded up $1.30 during midday trading on Wednesday, hitting $121.24. The company had a trading volume of 649,443 shares, compared to its average volume of 1,193,261. The firm has a fifty day simple moving average of $123.05 and a two-hundred day simple moving average of $120.35. Expeditors International of Washington, Inc. has a fifty-two week low of $104.47 and a fifty-two week high of $131.17. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 8.94 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the business earned $1.38 earnings per share. As a group, equities analysts predict that Expeditors International of Washington, Inc. will post 4.71 earnings per share for the current year.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction 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 sale, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. decreased their target price on Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating for the company in a research report on Tuesday, January 9th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Finally, BNP Paribas downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington 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.