Expeditors International (EXPD) Shares Sold by Burney Co.

Burney Co. trimmed its stake in shares of Expeditors International (NASDAQ:EXPD) by 13.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,794 shares of the transportation company’s stock after selling 1,370 shares during the period. Burney Co.’s holdings in Expeditors International were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its position in Expeditors International by 4.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 41,340 shares of the transportation company’s stock valued at $2,674,000 after purchasing an additional 1,679 shares during the last quarter. Bank of Montreal Can lifted its position in Expeditors International by 20.9% during the fourth quarter. Bank of Montreal Can now owns 123,304 shares of the transportation company’s stock valued at $7,976,000 after purchasing an additional 21,344 shares during the last quarter. National Pension Service lifted its position in Expeditors International by 6.5% during the fourth quarter. National Pension Service now owns 221,303 shares of the transportation company’s stock valued at $14,316,000 after purchasing an additional 13,563 shares during the last quarter. Creative Planning lifted its position in Expeditors International by 18.9% during the fourth quarter. Creative Planning now owns 8,216 shares of the transportation company’s stock valued at $531,000 after purchasing an additional 1,304 shares during the last quarter. Finally, Marathon Asset Management LLP lifted its position in Expeditors International by 3.6% during the fourth quarter. Marathon Asset Management LLP now owns 422,413 shares of the transportation company’s stock valued at $27,326,000 after purchasing an additional 14,565 shares during the last quarter. 92.49% of the stock is owned by institutional investors.

Several research firms have commented on EXPD. BidaskClub upgraded shares of Expeditors International from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 12th. Credit Suisse Group increased their price objective on shares of Expeditors International from $63.00 to $67.00 and gave the company an “underperform” rating in a research report on Wednesday, May 9th. Stifel Nicolaus raised their target price on shares of Expeditors International from $65.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, May 9th. Cowen raised their target price on shares of Expeditors International from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, May 9th. Finally, ValuEngine upgraded shares of Expeditors International from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Expeditors International presently has a consensus rating of “Hold” and a consensus price target of $65.63.

In related news, VP Christopher J. Mcclincy sold 2,781 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total value of $180,236.61. Following the transaction, the vice president now owns 16,500 shares of the company’s stock, valued at approximately $1,069,365. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher J. Mcclincy sold 2,437 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $72.11, for a total transaction of $175,732.07. Following the completion of the transaction, the vice president now directly owns 16,754 shares in the company, valued at approximately $1,208,130.94. The disclosure for this sale can be found here. Insiders sold a total of 29,894 shares of company stock valued at $1,959,967 in the last 90 days. Company insiders own 0.99% of the company’s stock.

Expeditors International opened at $71.94 on Friday, Marketbeat.com reports. The stock has a market capitalization of $12.58 billion, a PE ratio of 29.01, a PEG ratio of 2.93 and a beta of 0.70. Expeditors International has a 12-month low of $71.82 and a 12-month high of $72.36.

Expeditors International (NASDAQ:EXPD) last released its earnings results on Tuesday, May 8th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.11. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.72 billion. Expeditors International had a net margin of 7.36% and a return on equity of 24.84%. The business’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business earned $0.51 EPS. research analysts expect that Expeditors International will post 3.07 earnings per share for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.45 dividend. This represents a dividend yield of 1.26%. The ex-dividend date is Thursday, May 31st. This is a positive change from Expeditors International’s previous Semi-Annual dividend of $0.42. Expeditors International’s dividend payout ratio (DPR) is 33.87%.

About Expeditors International

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.

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

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