Headlands Technologies LLC Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Headlands Technologies LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,838 shares of the transportation company’s stock after purchasing an additional 1,447 shares during the quarter. Headlands Technologies LLC’s holdings in Expeditors International of Washington were worth $615,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Expeditors International of Washington by 11.2% during the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after purchasing an additional 273,388 shares during the last quarter. Northern Trust Corp raised its position in shares of Expeditors International of Washington by 7.9% during the 3rd quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after purchasing an additional 159,712 shares during the last quarter. Morgan Stanley raised its position in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. Morgan Stanley now owns 1,923,792 shares of the transportation company’s stock worth $220,524,000 after purchasing an additional 96,787 shares during the last quarter. Barclays PLC raised its position in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock worth $125,370,000 after purchasing an additional 55,062 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in Expeditors International of Washington by 0.8% in the 3rd quarter. Assetmark Inc. now owns 890,119 shares of the transportation company’s stock valued at $102,034,000 after acquiring an additional 7,003 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $0.15 during midday trading on Friday, hitting $113.30. 1,051,189 shares of the company’s stock were exchanged, compared to its average volume of 1,120,039. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 8.36 and a beta of 0.99. The firm’s 50 day simple moving average is $118.56 and its 200 day simple moving average is $120.50.

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

Insider Activity

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 shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

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.