Caprock Group LLC Has $579,000 Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Caprock Group LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,228 shares of the transportation company’s stock after selling 1,300 shares during the quarter. Caprock Group LLC’s holdings in Expeditors International of Washington were worth $579,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EXPD. Northwestern Mutual Wealth Management Co. boosted its stake in Expeditors International of Washington by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 104 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after purchasing an additional 113 shares during the period. Lindenwold Advisors INC raised its holdings in shares of Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after purchasing an additional 114 shares during the period. Guardian Wealth Advisors LLC raised its holdings in shares of Expeditors International of Washington by 5.9% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after purchasing an additional 115 shares during the period. Finally, Huntington National Bank grew its stake in Expeditors International of Washington by 7.4% in the 3rd quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock valued at $241,000 after buying an additional 127 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. Finally, Bank of America lowered their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.44.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $112.51 on Wednesday. The company has a market cap of $15.75 billion, a P/E ratio of 21.93, a PEG ratio of 3.87 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The firm has a 50-day moving average of $114.36 and a 200 day moving average of $119.27.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business’s revenue was up 37.0% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Company Profile

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.