Stonebrook Private Inc. Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Stonebrook Private Inc. acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 25,162 shares of the transportation company’s stock, valued at approximately $3,201,000. Expeditors International of Washington comprises about 1.1% of Stonebrook Private Inc.’s portfolio, making the stock its 28th largest position.

A number of other large investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $35,000. BKM Wealth Management LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $37,000. Planned Solutions Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $37,000. Fortitude Family Office LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth $38,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth $49,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of analyst reports. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research note on Thursday, January 11th. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Finally, Bank of America assumed coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $108.63.

Insider Transactions 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 stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Up 0.1 %

Shares of NASDAQ EXPD traded up $0.15 during trading on Friday, hitting $113.30. 1,051,189 shares of the company traded hands, compared to its average volume of 1,120,039. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The firm has a market capitalization of $16.08 billion, a P/E ratio of 22.66, a P/E/G ratio of 8.37 and a beta of 0.99. The company has a 50-day moving average price of $118.56 and a 200-day moving average price of $120.51.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.12). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 EPS. Research analysts predict that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Expeditors International of Washington Profile

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.