Cerity Partners LLC Purchases 2,206 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cerity Partners LLC raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% in the fourth quarter, HoldingsChannel reports. The fund owned 57,901 shares of the transportation company’s stock after acquiring an additional 2,206 shares during the period. Cerity Partners LLC’s holdings in Expeditors International of Washington were worth $7,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of Expeditors International of Washington by 53.8% in the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after buying an additional 92 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $29,000. CVA Family Office LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $35,000. Clear Street Markets LLC raised its position in shares of Expeditors International of Washington by 95.0% in the first quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after buying an additional 153 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Expeditors International of Washington by 103.6% in the first quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after buying an additional 174 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EXPD shares. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, April 9th. BNP Paribas downgraded 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 report on Thursday, January 11th. Bank of America began coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $108.63.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $116.67 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $106.43 and a 52 week high of $131.17. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 8.69 and a beta of 0.99. The stock has a fifty day moving average of $120.76 and a 200-day moving average of $120.63.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly 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). Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The firm’s revenue was down 33.8% on a year-over-year basis. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

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.