Cigna Investments Inc. New Buys 663 Shares of Expeditors International of Washington (NASDAQ:EXPD)

Cigna Investments Inc. New raised its stake in Expeditors International of Washington (NASDAQ:EXPD) by 13.9% during the second quarter, HoldingsChannel reports. The fund owned 5,437 shares of the transportation company’s stock after buying an additional 663 shares during the period. Cigna Investments Inc. New’s holdings in Expeditors International of Washington were worth $412,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Expeditors International of Washington by 2.8% during the second quarter. Rockefeller Capital Management L.P. now owns 4,481 shares of the transportation company’s stock valued at $341,000 after buying an additional 124 shares during the last quarter. CWM LLC lifted its holdings in shares of Expeditors International of Washington by 14.9% during the second quarter. CWM LLC now owns 982 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 127 shares in the last quarter. Diversified Investment Strategies LLC boosted its position in shares of Expeditors International of Washington by 0.8% during the second quarter. Diversified Investment Strategies LLC now owns 18,900 shares of the transportation company’s stock valued at $1,437,000 after buying an additional 150 shares during the last quarter. MainStreet Investment Advisors LLC increased its holdings in Expeditors International of Washington by 3.7% in the 1st quarter. MainStreet Investment Advisors LLC now owns 4,368 shares of the transportation company’s stock worth $291,000 after buying an additional 157 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Expeditors International of Washington by 2.9% in the 2nd quarter. Captrust Financial Advisors now owns 6,564 shares of the transportation company’s stock worth $500,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.

Shares of NASDAQ EXPD opened at $93.30 on Wednesday. Expeditors International of Washington has a 12-month low of $52.55 and a 12-month high of $93.58. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 26.43 and a beta of 0.84. The firm has a 50 day moving average of $86.75 and a 200 day moving average of $75.85.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.43. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Expeditors International of Washington had a net margin of 7.02% and a return on equity of 28.08%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. Analysts predict that Expeditors International of Washington will post 3.62 EPS for the current fiscal year.

A number of analysts have recently issued reports on EXPD shares. Morgan Stanley raised their price target on shares of Expeditors International of Washington from $60.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. BidaskClub upgraded shares of Expeditors International of Washington from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Wolfe Research downgraded shares of Expeditors International of Washington from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, July 7th. Finally, Cowen reissued a “hold” rating and set a $91.00 price target on shares of Expeditors International of Washington in a report on Tuesday, August 4th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $72.71.

In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 196,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $86.25, for a total transaction of $16,905,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Benjamin G. Clark sold 23,077 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $90.55, for a total transaction of $2,089,622.35. The disclosure for this sale can be found here. Insiders have sold 470,949 shares of company stock worth $40,463,770 over the last quarter. 1.20% of the stock is owned by company insiders.

Expeditors International of Washington 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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