Expeditors International of Washington (EXPD) Holdings Cut by Cognios Capital LLC

Cognios Capital LLC cut its position in Expeditors International of Washington (NASDAQ:EXPD) by 7.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,695 shares of the transportation company’s stock after selling 2,573 shares during the quarter. Cognios Capital LLC’s holdings in Expeditors International of Washington were worth $2,114,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its holdings in Expeditors International of Washington by 10,555.6% in the third quarter. Canada Pension Plan Investment Board now owns 1,918 shares of the transportation company’s stock worth $115,000 after buying an additional 1,900 shares during the last quarter. Checchi Capital Advisers LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth about $209,000. Conning Inc. purchased a new position in Expeditors International of Washington in the fourth quarter worth about $219,000. Merriman Wealth Management LLC purchased a new position in Expeditors International of Washington in the third quarter worth about $208,000. Finally, Virtu Financial LLC purchased a new position in Expeditors International of Washington in the third quarter worth about $212,000. 93.47% of the stock is owned by institutional investors and hedge funds.

In other news, insider Eugene K. Alger sold 10,269 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total value of $620,247.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.78% of the company’s stock.

Several brokerages have issued reports on EXPD. Zacks Investment Research raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Friday, January 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $68.00 target price on shares of Expeditors International of Washington in a report on Thursday, January 18th. Credit Suisse Group lifted their target price on shares of Expeditors International of Washington from $56.00 to $63.00 and gave the stock an “underperform” rating in a report on Tuesday, January 16th. Barclays reaffirmed a “buy” rating and issued a $70.00 target price on shares of Expeditors International of Washington in a report on Tuesday, January 9th. Finally, BidaskClub cut shares of Expeditors International of Washington from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $63.88.

Shares of Expeditors International of Washington (NASDAQ:EXPD) opened at $60.36 on Friday. Expeditors International of Washington has a 12 month low of $51.96 and a 12 month high of $67.54. The company has a market cap of $11,040.68, a P/E ratio of 26.00, a PEG ratio of 2.82 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, November 7th. The transportation company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Expeditors International of Washington had a net margin of 6.50% and a return on equity of 22.32%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. equities analysts expect that Expeditors International of Washington will post 2.41 EPS for the current fiscal year.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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