Expeditors International of Washington (NASDAQ:EXPD) Position Increased by Amalgamated Bank

Amalgamated Bank increased its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,101 shares of the transportation company’s stock after purchasing an additional 1,743 shares during the quarter. Amalgamated Bank’s holdings in Expeditors International of Washington were worth $1,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $103,000. Canada Pension Plan Investment Board raised its holdings in shares of Expeditors International of Washington by 10,555.6% during the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 1,900 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $137,000. Brown Advisory Securities LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $205,000. Finally, Clarius Group LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 91.66% of the company’s stock.

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EXPD traded down $1.05 on Monday, reaching $62.25. 964,840 shares of the company traded hands, compared to its average volume of 1,259,334. Expeditors International of Washington has a 52-week low of $51.96 and a 52-week high of $67.63. The company has a market capitalization of $11,175.08, a PE ratio of 25.05, a PEG ratio of 2.75 and a beta of 0.69.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 20th. The transportation company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.79 billion. Expeditors International of Washington had a net margin of 7.07% and a return on equity of 22.79%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. equities analysts predict that Expeditors International of Washington will post 2.88 earnings per share for the current year.

A number of research firms have recently issued reports on EXPD. Zacks Investment Research lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Morgan Stanley restated an “equal weight” rating and set a $55.00 price target (up previously from $51.00) on shares of Expeditors International of Washington in a report on Monday, February 26th. Cowen restated a “market perform” rating and set a $65.00 price target (up previously from $58.00) on shares of Expeditors International of Washington in a report on Wednesday, February 21st. UBS set a $60.00 price objective on shares of Expeditors International of Washington and gave the company a “sell” rating in a research report on Wednesday, February 21st. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $61.00 price objective (down from $63.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $63.11.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 2,781 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total value of $180,236.61. Following the completion of the sale, the vice president now directly owns 16,500 shares of the company’s stock, valued at $1,069,365. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard H. Rostan sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $64.65, for a total transaction of $290,925.00. Following the completion of the sale, the insider now directly owns 56,290 shares of the company’s stock, valued at $3,639,148.50. The disclosure for this sale can be found here. Insiders sold 27,457 shares of company stock valued at $1,784,235 over the last three months. Insiders own 0.78% of the company’s stock.

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Expeditors International of Washington Profile

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.

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

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