Verdence Capital Advisors LLC Has $1.40 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Verdence Capital Advisors LLC lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,188 shares of the transportation company’s stock after purchasing an additional 753 shares during the period. Verdence Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $1,396,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in 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 worth $29,009,000 after buying an additional 95,389 shares during the last quarter. Summit Trail Advisors LLC raised its stake in 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. Prudential PLC lifted its holdings in Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock valued at $11,215,000 after purchasing an additional 39,321 shares during the last quarter. Swedbank AB bought a new position in Expeditors International of Washington during the first quarter worth $2,954,000. Finally, Trexquant Investment LP acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at $5,468,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $122.65 on Tuesday. The stock has a market capitalization of $17.32 billion, a P/E ratio of 25.99, a PEG ratio of 5.39 and a beta of 0.98. The stock’s fifty day moving average is $122.33 and its 200 day moving average is $120.35. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business earned $1.30 earnings per share. Expeditors International of Washington’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EXPD shares. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. TD Cowen upped their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Bank of America lifted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.00.

Insider Activity at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington 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.