Mitchell Sinkler & Starr PA Invests $206,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)


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Mitchell Sinkler & Starr PA acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,915 shares of the transportation company’s stock, valued at approximately $206,000.

Several other institutional investors also recently made changes to their positions in the company. Carnegie Capital Asset Management LLC acquired a new stake in Expeditors International of Washington during the first quarter worth $282,000. Monument Capital Management acquired a new stake in Expeditors International of Washington during the first quarter worth $2,515,000. EFG Asset Management Americas Corp. boosted its stake in Expeditors International of Washington by 14.2% during the first quarter. EFG Asset Management Americas Corp. now owns 33,497 shares of the transportation company’s stock worth $3,607,000 after buying an additional 4,164 shares in the last quarter. Hexavest Inc. boosted its stake in Expeditors International of Washington by 5,008.5% during the first quarter. Hexavest Inc. now owns 23,448 shares of the transportation company’s stock worth $2,525,000 after buying an additional 22,989 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in Expeditors International of Washington by 21.7% during the first quarter. Private Trust Co. NA now owns 3,286 shares of the transportation company’s stock worth $353,000 after buying an additional 585 shares in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

A number of equities research analysts have weighed in on EXPD shares. Vertical Research started coverage on shares of Expeditors International of Washington in a research note on Friday, March 26th. They set a “buy” rating on the stock. Zacks Investment Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $106.00 price target for the company in a report on Tuesday, January 5th. Cowen boosted their target price on Expeditors International of Washington from $97.00 to $109.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 17th. Barclays lowered Expeditors International of Washington from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 13th. Finally, Morgan Stanley boosted their target price on Expeditors International of Washington from $78.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 6th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $88.00.

Shares of EXPD traded down $0.40 on Tuesday, hitting $109.12. The company’s stock had a trading volume of 12,655 shares, compared to its average volume of 1,100,335. The firm’s fifty day moving average price is $101.40 and its 200-day moving average price is $94.38. Expeditors International of Washington, Inc. has a fifty-two week low of $67.56 and a fifty-two week high of $110.63. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 29.36 and a beta of 0.75.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Monday, February 15th. The transportation company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Expeditors International of Washington had a return on equity of 28.55% and a net margin of 7.06%. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 3.98 EPS for the current year.

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, specialized cargo monitoring and tracking, and other supply chain solutions.

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

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