Fruth Investment Management Buys New Stake in Expeditors International of Washington (EXPD)

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Fruth Investment Management bought a new position in Expeditors International of Washington (NASDAQ:EXPD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,900 shares of the transportation company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Confluence Investment Management LLC boosted its position in shares of Expeditors International of Washington by 4.2% in the first quarter. Confluence Investment Management LLC now owns 251,592 shares of the transportation company’s stock worth $19,096,000 after buying an additional 10,096 shares during the period. Alpha Windward LLC purchased a new stake in shares of Expeditors International of Washington in the first quarter worth about $487,000. Tandem Investment Advisors Inc. boosted its position in shares of Expeditors International of Washington by 7.9% in the first quarter. Tandem Investment Advisors Inc. now owns 178,279 shares of the transportation company’s stock worth $13,531,000 after buying an additional 13,012 shares during the period. Virtu Financial LLC purchased a new stake in shares of Expeditors International of Washington in the first quarter worth about $357,000. Finally, CAPROCK Group Inc. boosted its position in shares of Expeditors International of Washington by 3.0% in the first quarter. CAPROCK Group Inc. now owns 9,609 shares of the transportation company’s stock worth $729,000 after buying an additional 284 shares during the period. 93.91% of the stock is owned by institutional investors.

Shares of EXPD opened at $79.81 on Wednesday. The stock has a market capitalization of $13.57 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. Expeditors International of Washington has a one year low of $61.69 and a one year high of $80.15.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 19th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.17. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.15 billion. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. Expeditors International of Washington’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington will post 3.54 EPS for the current fiscal year.

In other Expeditors International of Washington news, VP Christopher J. Mcclincy sold 1,960 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $77.09, for a total transaction of $151,096.40. Following the transaction, the vice president now owns 12,848 shares of the company’s stock, valued at approximately $990,452.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Philip M. Coughlin sold 2,725 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $74.97, for a total value of $204,293.25. The disclosure for this sale can be found here. Insiders sold 26,183 shares of company stock valued at $1,972,217 in the last three months. 1.20% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on EXPD. BidaskClub downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. ValuEngine raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Credit Suisse Group increased their price target on Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a report on Wednesday, February 20th. Cowen reissued a “market perform” rating and issued a $78.00 price target (up previously from $75.00) on shares of Expeditors International of Washington in a report on Wednesday, February 20th. Finally, Stifel Nicolaus set a $77.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $74.57.

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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, including 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, temperature-controlled transit, cargo insurance, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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