Clean Yield Group Reduces Position in Expeditors International of Washington (NASDAQ:EXPD)

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Clean Yield Group lessened its stake in shares of Expeditors International of Washington (NASDAQ:EXPD) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,482 shares of the transportation company’s stock after selling 2,640 shares during the period. Clean Yield Group’s holdings in Expeditors International of Washington were worth $1,988,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management grew its position in Expeditors International of Washington by 113.1% during the 3rd quarter. Neo Ivy Capital Management now owns 7,013 shares of the transportation company’s stock worth $499,000 after purchasing an additional 3,722 shares during the last quarter. National Pension Service grew its position in Expeditors International of Washington by 5.3% during the 3rd quarter. National Pension Service now owns 269,832 shares of the transportation company’s stock worth $20,046,000 after purchasing an additional 13,652 shares during the last quarter. Eads & Heald Wealth Management grew its position in Expeditors International of Washington by 12.8% during the 3rd quarter. Eads & Heald Wealth Management now owns 27,995 shares of the transportation company’s stock worth $2,080,000 after purchasing an additional 3,182 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Expeditors International of Washington by 5.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,076,295 shares of the transportation company’s stock worth $81,648,000 after purchasing an additional 53,087 shares during the last quarter. Finally, Webster Bank N. A. grew its position in Expeditors International of Washington by 165.0% during the 3rd quarter. Webster Bank N. A. now owns 795 shares of the transportation company’s stock worth $59,000 after purchasing an additional 495 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

EXPD stock opened at $76.82 on Friday. The firm’s fifty day simple moving average is $76.41 and its 200-day simple moving average is $74.45. The company has a market capitalization of $13.08 billion, a P/E ratio of 22.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.34 and a quick ratio of 2.34. Expeditors International of Washington has a 12 month low of $67.03 and a 12 month high of $81.64.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.91 by $0.01. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.15 billion. Expeditors International of Washington had a net margin of 7.56% and a return on equity of 30.20%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. As a group, sell-side analysts forecast that Expeditors International of Washington will post 3.54 earnings per share for the current year.

In related news, CFO Bradley S. Powell sold 17,364 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $76.15, for a total value of $1,322,268.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip M. Coughlin sold 185,686 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $76.74, for a total transaction of $14,249,543.64. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several analysts have weighed in on EXPD shares. Morgan Stanley boosted their target price on shares of Expeditors International of Washington from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Zacks Investment Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating and set a $78.00 price objective on the stock. in a report on Tuesday, December 3rd. BidaskClub raised shares of Expeditors International of Washington from a “strong sell” rating to a “sell” rating in a report on Friday. Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $77.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Cowen reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Expeditors International of Washington in a report on Tuesday, November 5th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $72.40.

Expeditors International of Washington Company 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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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

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