Numeric Investors LLC Acquires New Stake in Expeditors International of Washington (EXPD)

Numeric Investors LLC bought a new stake in Expeditors International of Washington (NASDAQ:EXPD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,800 shares of the transportation company’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently bought and sold shares of EXPD. Kentucky Retirement Systems bought a new stake in Expeditors International of Washington during the second quarter valued at $759,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Expeditors International of Washington during the second quarter worth approximately $360,000. Eqis Capital Management Inc. acquired a new position in shares of Expeditors International of Washington during the third quarter worth approximately $288,000. Raymond James Trust N.A. boosted its position in shares of Expeditors International of Washington by 5.3% in the third quarter. Raymond James Trust N.A. now owns 4,674 shares of the transportation company’s stock worth $240,000 after buying an additional 234 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Expeditors International of Washington by 2.3% in the third quarter. Capstone Asset Management Co. now owns 39,933 shares of the transportation company’s stock worth $2,057,000 after buying an additional 880 shares during the last quarter. Institutional investors and hedge funds own 90.76% of the company’s stock.

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

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 0.52% on Friday, reaching $56.50. 1,799,164 shares of the company were exchanged. Expeditors International of Washington has a 52 week low of $46.48 and a 52 week high of $57.35. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 23.94 and a beta of 0.64. The company’s 50-day moving average is $56.15 and its 200-day moving average is $53.76.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, February 21st. The transportation company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Expeditors International of Washington had a return on equity of 24.45% and a net margin of 7.18%. The business earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Expeditors International of Washington will post $2.49 EPS for the current fiscal year.

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A number of brokerages recently commented on EXPD. Vertical Research reiterated a “hold” rating and issued a $63.00 target price on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Wells Fargo & Co assumed coverage on shares of Expeditors International of Washington in a report on Monday, March 13th. They issued a “market perform” rating on the stock. Cowen and Company reissued a “market perform” rating and issued a $57.00 price target (up previously from $49.00) on shares of Expeditors International of Washington in a report on Wednesday, February 22nd. Zacks Investment Research lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Wednesday, February 22nd. Finally, Credit Suisse Group AG reissued an “underperform” rating and issued a $53.00 price target (up previously from $52.00) on shares of Expeditors International of Washington in a report on Monday, March 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.20.

In other Expeditors International of Washington news, Director Michael J. Malone sold 22,000 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $56.09, for a total value of $1,233,980.00. Following the completion of the transaction, the director now owns 22,402 shares in the company, valued at $1,256,528.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eugene K. Alger sold 3,750 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $56.05, for a total value of $210,187.50. The disclosure for this sale can be found here. Insiders sold 41,635 shares of company stock valued at $2,339,698 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

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