Stewart & Patten Co. LLC purchased a new position in shares of Expeditors International of Washington (NASDAQ:EXPD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the transportation company’s stock, valued at approximately $282,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Virtus Investment Advisers Inc. purchased a new stake in Expeditors International of Washington during the third quarter worth $100,000. Mosaic Family Wealth LLC increased its stake in Expeditors International of Washington by 3.8% in the third quarter. Mosaic Family Wealth LLC now owns 2,394 shares of the transportation company’s stock worth $123,000 after buying an additional 87 shares during the last quarter. TLP Group LLC purchased a new stake in Expeditors International of Washington during the third quarter worth $126,000. MUFG Americas Holdings Corp increased its stake in Expeditors International of Washington by 34.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,535 shares of the transportation company’s stock worth $134,000 after buying an additional 650 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Expeditors International of Washington by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,767 shares of the transportation company’s stock worth $147,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 0.80% on Friday, hitting $56.66. The stock had a trading volume of 1,269,521 shares. The stock has a market cap of $10.21 billion, a PE ratio of 24.01 and a beta of 0.64. The company has a 50 day moving average price of $56.15 and a 200-day moving average price of $53.76. Expeditors International of Washington has a 12 month low of $46.48 and a 12 month high of $57.35.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, February 21st. The transportation company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Expeditors International of Washington had a net margin of 7.18% and a return on equity of 24.45%. The company earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Expeditors International of Washington will post $2.49 earnings per share for the current year.

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EXPD has been the topic of a number of research reports. Zacks Investment Research upgraded Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. Vertical Research restated a “hold” rating and set a $63.00 price target on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Wells Fargo & Co started coverage on Expeditors International of Washington in a research note on Monday, March 13th. They set a “market perform” rating on the stock. Cowen and Company reaffirmed a “market perform” rating and set a $57.00 price objective (up from $49.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Finally, Credit Suisse Group AG reaffirmed a “sell” rating and set a $52.00 price objective on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $57.20.

In other Expeditors International of Washington news, insider Daniel R. Wall sold 3,465 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $56.62, for a total value of $196,188.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher J. Mcclincy sold 1,274 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $56.62, for a total transaction of $72,133.88. The disclosure for this sale can be found here. Insiders have sold 41,635 shares of company stock valued at $2,339,698 in the last three months. 0.86% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

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