Expeditors International of Washington (EXPD) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 9.6% in the 4th quarter, HoldingsChannel reports. The fund owned 59,087 shares of the transportation company’s stock after buying an additional 5,158 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Expeditors International of Washington were worth $4,023,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EXPD. Commonwealth Bank of Australia boosted its stake in Expeditors International of Washington by 13.9% during the 4th quarter. Commonwealth Bank of Australia now owns 4,183,382 shares of the transportation company’s stock valued at $284,830,000 after purchasing an additional 510,958 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Expeditors International of Washington by 5.7% during the 4th quarter. Hsbc Holdings PLC now owns 338,179 shares of the transportation company’s stock valued at $23,016,000 after purchasing an additional 18,174 shares during the last quarter. JOYN Advisors Inc. boosted its stake in Expeditors International of Washington by 632.4% during the 4th quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 430 shares during the last quarter. Bessemer Group Inc. boosted its stake in Expeditors International of Washington by 3.7% during the 4th quarter. Bessemer Group Inc. now owns 19,922 shares of the transportation company’s stock valued at $1,356,000 after purchasing an additional 716 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Expeditors International of Washington by 7.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 29,663 shares of the transportation company’s stock valued at $2,019,000 after purchasing an additional 2,083 shares during the last quarter. 92.60% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Daniel R. Wall sold 9,109 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $75.25, for a total value of $685,452.25. Following the transaction, the insider now owns 40,079 shares in the company, valued at approximately $3,015,944.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey S. Musser sold 2,725 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $74.57, for a total value of $203,203.25. Following the completion of the transaction, the insider now owns 18,402 shares in the company, valued at approximately $1,372,237.14. The disclosure for this sale can be found here. Insiders sold a total of 24,223 shares of company stock worth $1,821,121 in the last 90 days. Company insiders own 0.99% of the company’s stock.

A number of research firms have issued reports on EXPD. ValuEngine upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus set a $77.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a research note on Friday, February 22nd. BidaskClub upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Credit Suisse Group lifted their price target on Expeditors International of Washington from $64.00 to $69.00 and gave the company an “underperform” rating in a research note on Wednesday, February 20th. Finally, Cowen reiterated a “market perform” rating and set a $78.00 price target (up previously from $75.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $74.57.

Shares of NASDAQ EXPD opened at $77.00 on Friday. Expeditors International of Washington has a twelve month low of $60.80 and a twelve month high of $78.16. The company has a market capitalization of $13.14 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.82.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, February 19th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.17. Expeditors International of Washington had a return on equity of 31.62% and a net margin of 7.60%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington will post 3.55 earnings per share for the current fiscal year.

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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, such as 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, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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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)

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