Expeditors International of Washington (NASDAQ:EXPD) Shares Purchased by Envestnet Asset Management Inc.

Share on StockTwits

Envestnet Asset Management Inc. boosted its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 466,320 shares of the transportation company’s stock after buying an additional 18,648 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Expeditors International of Washington were worth $34,643,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Expeditors International of Washington by 5.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,076,295 shares of the transportation company’s stock worth $81,648,000 after buying an additional 53,087 shares during the last quarter. Coastal Investment Advisors Inc. grew its position in Expeditors International of Washington by 17.6% in the second quarter. Coastal Investment Advisors Inc. now owns 1,394 shares of the transportation company’s stock worth $105,000 after buying an additional 209 shares during the last quarter. Pinnacle Financial Partners Inc. grew its position in Expeditors International of Washington by 17.8% in the second quarter. Pinnacle Financial Partners Inc. now owns 3,721 shares of the transportation company’s stock worth $282,000 after buying an additional 561 shares during the last quarter. CIBC Asset Management Inc grew its position in Expeditors International of Washington by 2.8% in the second quarter. CIBC Asset Management Inc now owns 21,268 shares of the transportation company’s stock worth $1,613,000 after buying an additional 573 shares during the last quarter. Finally, Creative Planning grew its position in Expeditors International of Washington by 13.5% in the second quarter. Creative Planning now owns 8,162 shares of the transportation company’s stock worth $619,000 after buying an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 92.40% of the company’s stock.

NASDAQ EXPD opened at $73.94 on Monday. Expeditors International of Washington has a twelve month low of $62.90 and a twelve month high of $80.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 21.25 and a beta of 0.96. The firm’s 50 day moving average price is $73.16 and its two-hundred day moving average price is $74.25.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Expeditors International of Washington had a net margin of 7.57% and a return on equity of 31.26%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the company posted $0.79 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington will post 3.52 EPS for the current fiscal year.

In other news, insider Eugene K. Alger sold 39,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $71.24, for a total transaction of $2,778,360.00. Following the transaction, the insider now directly owns 48,787 shares in the company, valued at approximately $3,475,585.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eugene K. Alger sold 36,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $71.05, for a total transaction of $2,557,800.00. Following the transaction, the insider now owns 45,787 shares in the company, valued at $3,253,166.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,860 shares of company stock worth $5,586,330. 1.20% of the stock is currently owned by corporate insiders.

EXPD has been the topic of several recent research reports. Barclays lowered shares of Expeditors International of Washington from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $78.00 to $72.00 in a research report on Wednesday, October 2nd. They noted that the move was a valuation call. Goldman Sachs Group started coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 10th. They set a “sell” rating and a $70.00 price objective on the stock. Cowen reiterated a “hold” rating and set a $79.00 price objective on shares of Expeditors International of Washington in a research report on Tuesday, August 6th. BidaskClub upgraded shares of Expeditors International of Washington from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, UBS Group set a $67.00 price objective on shares of Expeditors International of Washington and gave the stock a “sell” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.13.

About Expeditors International of Washington

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.

Featured Article: Initial Public Offering (IPO)

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington (NASDAQ:EXPD).

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

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.