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

L. Roy Papp & Associates LLP increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,930 shares of the transportation company’s stock after purchasing an additional 203 shares during the period. Expeditors International of Washington accounts for approximately 2.6% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 10th largest position. L. Roy Papp & Associates LLP owned 0.11% of Expeditors International of Washington worth $20,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock worth $2,029,739,000 after purchasing an additional 190,319 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Expeditors International of Washington by 16.2% during the first quarter. Bank of America Corp DE now owns 3,500,552 shares of the transportation company’s stock worth $385,481,000 after purchasing an additional 488,561 shares in the last quarter. Invesco Ltd. grew its stake in shares of Expeditors International of Washington by 11.2% during the third quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after purchasing an additional 273,388 shares in the last quarter. Northern Trust Corp grew its stake in shares of Expeditors International of Washington by 0.3% during the first quarter. Northern Trust Corp now owns 2,486,514 shares of the transportation company’s stock worth $256,508,000 after purchasing an additional 6,839 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Expeditors International of Washington by 10.6% during the fourth quarter. Morgan Stanley now owns 2,021,645 shares of the transportation company’s stock worth $210,089,000 after purchasing an additional 193,217 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXPD. Stifel Nicolaus boosted their target price on shares of 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. 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 research note on Thursday, January 11th. Bank of America started coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $111.00 to $108.00 and set an “underweight” rating for the company in a research note on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $108.75.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded up $0.33 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 stock’s 50-day moving average is $122.79 and its two-hundred day moving average is $120.40. Expeditors International of Washington, Inc. has a 52-week low of $104.68 and a 52-week high of $131.17. The stock has a market capitalization of $17.25 billion, a P/E ratio of 24.31, a PEG ratio of 9.03 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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 net margin of 8.10% and a return on equity of 28.43%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company posted $1.38 earnings per share. Expeditors International of Washington’s quarterly revenue was down 33.8% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 4.71 earnings per share for the current fiscal year.

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.