Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,721 shares of the transportation company’s stock after acquiring an additional 1,257 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Expeditors International of Washington were worth $2,890,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. 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 purchasing an additional 511 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of 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 purchasing an additional 259 shares during the period. Brown Advisory Inc. grew its stake in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. Brown Advisory Inc. now owns 3,522 shares of the transportation company’s stock worth $404,000 after purchasing an additional 178 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Expeditors International of Washington by 50.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 4,277 shares of the transportation company’s stock valued at $490,000 after purchasing an additional 1,443 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake 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 valued at $3,836,000 after purchasing an additional 1,427 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.7 %

Shares of Expeditors International of Washington stock traded down $0.81 during mid-day trading on Tuesday, reaching $114.83. 2,222,453 shares of the stock traded hands, compared to its average volume of 1,233,254. The business has a 50-day moving average of $117.84 and a 200 day moving average of $120.38. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The stock has a market capitalization of $16.29 billion, a PE ratio of 23.10, a PEG ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.08. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 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 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several analyst reports. Bank of America started 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 target on the stock. JPMorgan Chase & Co. lifted their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. BNP Paribas downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Finally, Stifel Nicolaus boosted their price objective on 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 analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $110.57.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were 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 owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by insiders.

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.