Foster & Motley Inc. Cuts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Foster & Motley Inc. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,195 shares of the transportation company’s stock after selling 553 shares during the quarter. Foster & Motley Inc.’s holdings in Expeditors International of Washington were worth $2,395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPD. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington during the first quarter worth about $25,000. Optiver Holding B.V. acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $27,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington in the 2nd quarter worth approximately $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. Finally, ORG Partners LLC lifted its position in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $122.49 on Friday. The stock has a market capitalization of $17.30 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98. The business’s fifty day moving average price is $121.86 and its 200 day moving average price is $120.27. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXPD. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Bank of America boosted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. Robert W. Baird lifted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $116.00.

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.