Aristides Capital LLC Makes New $244,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Aristides Capital LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,004 shares of the transportation company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPD. BNP Paribas Financial Markets boosted its stake in shares of Expeditors International of Washington by 71.9% during the fourth quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock valued at $29,009,000 after purchasing an additional 95,389 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Expeditors International of Washington by 3.1% in the 4th quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company’s stock valued at $46,990,000 after acquiring an additional 11,000 shares during the period. Boston Trust Walden Corp raised its position in shares of Expeditors International of Washington by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock worth $57,524,000 after acquiring an additional 13,811 shares in the last quarter. Prudential PLC lifted its stake in shares of Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after purchasing an additional 39,321 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Expeditors International of Washington during the fourth quarter valued at about $5,468,000. Institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD traded down $0.67 on Friday, reaching $124.18. 912,852 shares of the stock were exchanged, compared to its average volume of 1,341,872. The company’s 50-day moving average price is $122.45 and its 200 day moving average price is $121.21. The firm has a market capitalization of $17.54 billion, a PE ratio of 26.31, a PEG ratio of 5.29 and a beta of 0.98. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company’s revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.73 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a research note on Tuesday, May 14th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. TD Cowen upped their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, Bank of America increased their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $113.56.

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.