Summit Financial LLC Purchases Shares of 1,939 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Summit Financial LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,939 shares of the transportation company’s stock, valued at approximately $247,000.

Several other large investors have also modified their holdings of the stock. ICW Investment Advisors LLC raised its stake in shares of Expeditors International of Washington by 1.4% in 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. increased its holdings in 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 during the last quarter. Savant Capital LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $373,000. Mission Wealth Management LP raised its holdings in shares of Expeditors International of Washington by 3.0% during the fourth quarter. Mission Wealth Management LP now owns 12,421 shares of the transportation company’s stock worth $1,580,000 after purchasing an additional 362 shares during the period. Finally, Certuity LLC raised its position in shares of Expeditors International of Washington by 23.8% during the 4th quarter. Certuity LLC now owns 7,967 shares of the transportation company’s stock worth $1,013,000 after purchasing an additional 1,530 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.9 %

EXPD opened at $114.98 on Friday. The stock has a market cap of $16.31 billion, a PE ratio of 23.00, a P/E/G ratio of 8.41 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The stock’s 50 day simple moving average is $117.91 and its 200-day simple moving average is $120.35.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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 firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 EPS. Equities analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America initiated 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. BNP Paribas lowered 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 research note on Thursday, January 11th. Stifel Nicolaus raised their target price 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. Finally, JPMorgan Chase & Co. lifted their target price 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. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $110.57.

Expeditors International of Washington Company 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.