Lecap Asset Management Ltd. Buys New Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Lecap Asset Management Ltd. bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,079 shares of the transportation company’s stock, valued at approximately $900,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versor Investments LP increased its position in shares of Expeditors International of Washington by 12.8% in the third quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 600 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of Expeditors International of Washington by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock valued at $57,524,000 after acquiring an additional 13,811 shares during the last quarter. Achmea Investment Management B.V. increased its position in shares of Expeditors International of Washington by 4.2% in the third quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company’s stock valued at $16,983,000 after acquiring an additional 5,967 shares during the last quarter. Barclays PLC increased its position in shares of Expeditors International of Washington by 5.3% in the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock valued at $125,370,000 after acquiring an additional 55,062 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Expeditors International of Washington by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 669,562 shares of the transportation company’s stock worth $76,747,000 after buying an additional 54,993 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $1.11 during trading on Friday, hitting $117.65. The company had a trading volume of 939,732 shares, compared to its average volume of 1,022,752. The firm has a market capitalization of $16.69 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 8.71 and a beta of 0.99. The stock’s 50-day moving average price is $120.92 and its 200 day moving average price is $120.57. Expeditors International of Washington, Inc. has a one year low of $106.43 and a one year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.12). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The company’s quarterly revenue was down 33.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Bank of America initiated coverage on Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price target on the stock. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Finally, BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $108.63.

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.