Benjamin F. Edwards & Company Inc. Purchases 58,548 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Benjamin F. Edwards & Company Inc. raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 53,225.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 58,658 shares of the transportation company’s stock after acquiring an additional 58,548 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Expeditors International of Washington were worth $7,461,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $35,000. BKM Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth $37,000. Planned Solutions Inc. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth $37,000. Fortitude Family Office LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at about $38,000. Finally, Bruce G. Allen Investments LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at about $49,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Expeditors International of Washington

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

Expeditors International of Washington Trading Up 0.9 %

EXPD traded up $1.07 during midday trading on Friday, reaching $114.98. The company’s stock had a trading volume of 1,541,376 shares, compared to its average volume of 1,210,449. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 8.27 and a beta of 1.00. The stock’s 50-day moving average is $118.01 and its 200-day moving average is $120.38.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business posted $1.38 earnings per share. The firm’s revenue was down 33.8% on a year-over-year basis. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

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.