Welch & Forbes LLC Cuts Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Welch & Forbes LLC cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 127,321 shares of the transportation company’s stock after selling 4,487 shares during the quarter. Welch & Forbes LLC’s holdings in Expeditors International of Washington were worth $16,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in EXPD. Capital Analysts LLC increased its holdings in Expeditors International of Washington by 0.6% during the fourth quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after buying an additional 80 shares during the last quarter. IMPACTfolio LLC increased its stake in shares of Expeditors International of Washington by 4.4% during the 4th quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock worth $248,000 after purchasing an additional 82 shares during the last quarter. Blackhawk Capital Partners LLC. raised its holdings in shares of Expeditors International of Washington by 2.2% in the 3rd quarter. Blackhawk Capital Partners LLC. now owns 4,404 shares of the transportation company’s stock worth $505,000 after purchasing an additional 94 shares during the period. Wealthsource Partners LLC lifted its stake in Expeditors International of Washington by 3.3% in the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 95 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Expeditors International of Washington by 0.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,470 shares of the transportation company’s stock valued at $1,659,000 after purchasing an additional 96 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded up $0.56 on Monday, hitting $115.52. The company’s stock had a trading volume of 2,205,489 shares, compared to its average volume of 1,221,885. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The company has a market capitalization of $16.39 billion, a PE ratio of 22.99, a PEG ratio of 8.49 and a beta of 1.00. The company has a 50-day simple moving average of $117.91 and a 200 day simple moving average of $120.37.

Expeditors International of Washington (NASDAQ:EXPD) last released 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 firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company earned $1.38 EPS. The firm’s revenue was down 33.8% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on EXPD shares. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus lifted 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. Finally, Bank of America began 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 target on the stock. 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 company presently has an average rating of “Hold” and a consensus target price of $110.57.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is owned by insiders.

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.