Insider Selling: Expeditors International of Washington (EXPD) VP Sells 2,371 Shares of Stock
Expeditors International of Washington (NASDAQ:EXPD) VP Christopher J. Mcclincy sold 2,371 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $73.67, for a total value of $174,671.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ:EXPD traded down $0.13 during mid-day trading on Monday, hitting $73.54. 67,099 shares of the company’s stock traded hands, compared to its average volume of 1,368,585. Expeditors International of Washington has a twelve month low of $58.82 and a twelve month high of $78.16. The firm has a market capitalization of $12.71 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.84 and a beta of 0.74.
Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 6th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington will post 3.24 earnings per share for the current fiscal year.
EXPD has been the subject of several recent research reports. Deutsche Bank set a $72.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a research report on Thursday, September 27th. BidaskClub raised Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, November 13th. Cowen reissued a “market perform” rating and issued a $73.00 price target (up from $70.00) on shares of Expeditors International of Washington in a research report on Tuesday, August 7th. Finally, Credit Suisse Group reduced their price target on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating for the company in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $69.56.
A number of large investors have recently made changes to their positions in the stock. Kentucky Retirement Systems acquired a new position in Expeditors International of Washington during the 3rd quarter valued at about $751,000. Bridges Investment Management Inc. acquired a new position in Expeditors International of Washington during the 3rd quarter valued at about $476,000. AQR Capital Management LLC increased its position in Expeditors International of Washington by 10.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,349,286 shares of the transportation company’s stock valued at $99,213,000 after buying an additional 126,976 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Expeditors International of Washington during the 3rd quarter valued at about $313,000. Finally, Mackenzie Financial Corp increased its position in Expeditors International of Washington by 127.6% during the 3rd quarter. Mackenzie Financial Corp now owns 8,172 shares of the transportation company’s stock valued at $601,000 after buying an additional 4,581 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.
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Expeditors International of Washington Company Profile
Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.
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