Signaturefd LLC Sells 229 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Signaturefd LLC reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,574 shares of the transportation company’s stock after selling 229 shares during the period. Signaturefd LLC’s holdings in Expeditors International of Washington were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versor Investments LP grew its stake in shares of Expeditors International of Washington by 12.8% in the 3rd quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock worth $608,000 after buying an additional 600 shares in the last quarter. Boston Trust Walden Corp grew its stake 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 buying an additional 13,811 shares in the last quarter. Achmea Investment Management B.V. grew its stake in shares of Expeditors International of Washington by 4.2% in the 3rd quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company’s stock worth $16,983,000 after buying an additional 5,967 shares in the last quarter. Barclays PLC grew its stake in shares of Expeditors International of Washington by 5.3% in the 3rd quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock worth $125,370,000 after buying an additional 55,062 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Expeditors International of Washington by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 669,562 shares of the transportation company’s stock worth $76,747,000 after buying an additional 54,993 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research note on Thursday, January 11th. Bank of America began 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 target for the company. JPMorgan Chase & Co. lifted their price target 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. Finally, Stifel Nicolaus lifted their price target on shares of 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. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.63.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $113.17 on Wednesday. The company has a market capitalization of $16.06 billion, a P/E ratio of 22.82, a P/E/G ratio of 8.43 and a beta of 0.99. The company’s 50-day simple moving average is $119.29 and its two-hundred day simple moving average is $120.62. Expeditors International of Washington, Inc. has a one year low of $106.43 and a one year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its 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 revenue was down 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

About Expeditors International of Washington

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.