Evergreen Wealth Management LLC Acquires 380 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Evergreen Wealth Management LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 21,687 shares of the transportation company’s stock after purchasing an additional 380 shares during the period. Expeditors International of Washington accounts for 2.0% of Evergreen Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Evergreen Wealth Management LLC’s holdings in Expeditors International of Washington were worth $2,759,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Expeditors International of Washington by 11.2% in 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 period. International Assets Investment Management LLC raised its holdings in Expeditors International of Washington by 8,732.2% during the 4th quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after acquiring an additional 222,846 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Expeditors International of Washington by 36.6% during the third quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock worth $75,375,000 after acquiring an additional 176,270 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Expeditors International of Washington by 7.9% in the third quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock worth $251,275,000 after acquiring an additional 159,712 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in shares of Expeditors International of Washington in the third quarter valued at $14,503,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. 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 note on Wednesday, January 10th. BNP Paribas downgraded shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Thursday, January 11th. Bank of America assumed coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $110.57.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington 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 completion of the sale, the vice president now 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 available at the SEC website. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Up 0.9 %

Shares of EXPD stock traded up $1.05 during trading on Friday, hitting $114.96. The company had a trading volume of 1,541,377 shares, compared to its average volume of 1,334,527. The stock’s 50-day moving average is $117.91 and its two-hundred day moving average is $120.35. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 8.49 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

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

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.