Concentrum Wealth Management Makes New $233,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Concentrum Wealth Management bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,836 shares of the transportation company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Summit Financial LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $247,000. ICW Investment Advisors LLC lifted its position in shares of Expeditors International of Washington by 1.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,239 shares of the transportation company’s stock valued at $1,938,000 after acquiring an additional 204 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Expeditors International of Washington by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 274,060 shares of the transportation company’s stock worth $34,860,000 after purchasing an additional 1,813 shares in the last quarter. Savant Capital LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $373,000. Finally, Mission Wealth Management LP raised its stake in Expeditors International of Washington by 3.0% in the fourth quarter. Mission Wealth Management LP now owns 12,421 shares of the transportation company’s stock valued at $1,580,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EXPD. Stifel Nicolaus boosted their price target on 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. Bank of America began coverage on 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. boosted their price target on 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, BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $108.63.

Expeditors International of Washington Trading Up 2.1 %

Expeditors International of Washington stock traded up $2.39 during midday trading on Thursday, reaching $114.38. The company’s stock had a trading volume of 1,009,612 shares, compared to its average volume of 1,198,250. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The business has a 50-day moving average price of $118.15 and a 200-day moving average price of $120.42. The stock has a market cap of $16.23 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 8.22 and a beta of 1.00.

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

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

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.