Welch & Forbes LLC Reduces Holdings in Expeditors International of Washington (NASDAQ:EXPD)

Welch & Forbes LLC lowered its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 1.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,224 shares of the transportation company’s stock after selling 2,687 shares during the period. Welch & Forbes LLC’s holdings in Expeditors International of Washington were worth $19,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HM Payson & Co. purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $33,000. Lenox Wealth Management Inc. grew its position in shares of Expeditors International of Washington by 98.9% during the second quarter. Lenox Wealth Management Inc. now owns 567 shares of the transportation company’s stock worth $43,000 after buying an additional 282 shares in the last quarter. CSat Investment Advisory L.P. grew its position in shares of Expeditors International of Washington by 124.4% during the second quarter. CSat Investment Advisory L.P. now owns 680 shares of the transportation company’s stock worth $51,000 after buying an additional 377 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $54,000. Institutional investors own 92.29% of the company’s stock.

A number of research firms have recently weighed in on EXPD. UBS Group set a $67.00 price target on shares of Expeditors International of Washington and gave the stock a “sell” rating in a research report on Wednesday, August 7th. BidaskClub raised shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Tuesday, September 10th. Goldman Sachs Group began coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 10th. They set a “sell” rating and a $70.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on shares of Expeditors International of Washington from $73.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $73.13.



Shares of EXPD stock traded up $2.76 during mid-day trading on Friday, reaching $74.87. 49,890 shares of the company were exchanged, compared to its average volume of 810,514. Expeditors International of Washington has a fifty-two week low of $62.90 and a fifty-two week high of $80.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $11.78 billion, a P/E ratio of 21.41 and a beta of 0.96. The business’s 50 day simple moving average is $72.37 and its 200 day simple moving average is $74.25.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.07 billion. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, analysts forecast that Expeditors International of Washington will post 3.52 EPS for the current year.

In other Expeditors International of Washington news, insider Eugene K. Alger sold 39,000 shares of Expeditors International of Washington stock in a transaction on Friday, August 30th. The shares were sold at an average price of $71.24, for a total value of $2,778,360.00. Following the completion of the transaction, the insider now owns 48,787 shares of the company’s stock, valued at $3,475,585.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sidney E. Harris sold 1,860 shares of Expeditors International of Washington stock in a transaction on Friday, August 30th. The stock was sold at an average price of $134.50, for a total transaction of $250,170.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,860 shares of company stock valued at $5,586,330. 1.20% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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