Foster & Motley Inc. Increases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Foster & Motley Inc. increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 171.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,285 shares of the transportation company's stock after acquiring an additional 12,180 shares during the quarter. Foster & Motley Inc.'s holdings in Expeditors International of Washington were worth $2,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Versor Investments LP lifted its position in Expeditors International of Washington by 12.8% during the third quarter. Versor Investments LP now owns 5,304 shares of the transportation company's stock valued at $608,000 after purchasing an additional 600 shares during the last quarter. Boston Trust Walden Corp lifted its position in Expeditors International of Washington by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company's stock valued at $57,524,000 after purchasing an additional 13,811 shares during the last quarter. Achmea Investment Management B.V. lifted its position in Expeditors International of Washington by 4.2% during the third quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company's stock valued at $16,983,000 after purchasing an additional 5,967 shares during the last quarter. Barclays PLC lifted its position in Expeditors International of Washington by 5.3% during the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company's stock valued at $125,370,000 after purchasing an additional 55,062 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Expeditors International of Washington by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 669,562 shares of the transportation company's stock worth $76,747,000 after acquiring an additional 54,993 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EXPD. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Bank of America started coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They issued a "neutral" rating and a $126.00 price target on the stock. BNP Paribas downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and set a $116.00 target price on the stock. in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. raised their target price 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. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $108.63.

Expeditors International of Washington Stock Down 0.8 %

Shares of Expeditors International of Washington stock traded down $0.92 on Tuesday, reaching $113.17. The stock had a trading volume of 1,389,135 shares, compared to its average volume of 1,176,880. The company has a 50 day moving average price of $119.29 and a 200 day moving average price of $120.62. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17. The stock has a market capitalization of $16.06 billion, a P/E ratio of 22.63, a P/E/G ratio of 8.47 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued 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). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the previous year, the firm earned $1.38 EPS. The firm's quarterly revenue was down 33.8% on a year-over-year basis. On average, analysts forecast that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington 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 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

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.