Edgestream Partners L.P. Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Edgestream Partners L.P. purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the first quarter, according to its most recent filing with the SEC. The fund purchased 17,494 shares of the transportation company’s stock, valued at approximately $2,127,000.

A number of other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in Expeditors International of Washington by 71.9% during the 4th quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock worth $29,009,000 after buying an additional 95,389 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Expeditors International of Washington by 3.1% during the 4th quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company’s stock worth $46,990,000 after buying an additional 11,000 shares during the last quarter. Boston Trust Walden Corp grew its stake in Expeditors International of Washington by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock worth $57,524,000 after buying an additional 13,811 shares during the last quarter. Prudential PLC grew its stake in Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after buying an additional 39,321 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Expeditors International of Washington during the 4th quarter worth $5,468,000. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EXPD. TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Susquehanna boosted their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a research report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.56.

Expeditors International of Washington Trading Up 2.2 %

Shares of Expeditors International of Washington stock traded up $2.70 on Monday, reaching $122.90. 1,251,881 shares of the company were exchanged, compared to its average volume of 1,318,291. The stock has a fifty day moving average price of $121.83 and a 200-day moving average price of $121.29. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 5.51 and a beta of 0.98. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 4.97 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.73 per share. The ex-dividend date was Monday, June 3rd. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is 30.93%.

Insider Transactions at Expeditors International of Washington

In related news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now directly owns 52,745 shares in the company, valued at $6,170,637.55. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

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.