Victory Capital Management Inc. Buys 1,813 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Victory Capital Management Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 274,060 shares of the transportation company’s stock after purchasing an additional 1,813 shares during the quarter. Victory Capital Management Inc.’s holdings in Expeditors International of Washington were worth $34,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EXPD. Commonwealth Equity Services LLC grew its position in Expeditors International of Washington by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,899 shares of the transportation company’s stock worth $3,084,000 after acquiring an additional 511 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Expeditors International of Washington by 10.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,820 shares of the transportation company’s stock worth $323,000 after acquiring an additional 259 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Expeditors International of Washington by 5.3% in the 3rd quarter. Brown Advisory Inc. now owns 3,522 shares of the transportation company’s stock worth $404,000 after buying an additional 178 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Expeditors International of Washington by 50.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,277 shares of the transportation company’s stock worth $490,000 after buying an additional 1,443 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Expeditors International of Washington by 4.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 33,465 shares of the transportation company’s stock worth $3,836,000 after buying an additional 1,427 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Up 0.5 %

EXPD opened at $115.52 on Tuesday. The business has a 50 day moving average of $117.84 and a 200-day moving average of $120.38. The stock has a market cap of $16.39 billion, a PE ratio of 23.10, a PEG ratio of 8.49 and a beta of 1.00. 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 announced its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXPD shares. BNP Paribas lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research report on Thursday, January 11th. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Bank of America started coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $110.57.

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.