Acadian Asset Management LLC increased its position in Expeditors International of Washington (NASDAQ:EXPD) by 19.9% in the fourth quarter, HoldingsChannel reports. The firm owned 450,754 shares of the transportation company’s stock after purchasing an additional 74,968 shares during the quarter. Acadian Asset Management LLC’s holdings in Expeditors International of Washington were worth $29,162,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its stake 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 purchasing an additional 1,900 shares in the last quarter. Merriman Wealth Management LLC acquired a new position in Expeditors International of Washington in the third quarter worth about $208,000. Virtu Financial LLC acquired a new position in Expeditors International of Washington in the third quarter worth about $212,000. Sigma Planning Corp acquired a new position in Expeditors International of Washington in the third quarter worth about $216,000. Finally, Visionary Asset Management Inc. acquired a new position in Expeditors International of Washington in the third quarter worth about $217,000. Institutional investors and hedge funds own 93.65% of the company’s stock.

EXPD has been the subject of a number of research reports. Barclays lifted their target price on Expeditors International of Washington from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. Cowen restated a “market perform” rating and issued a $58.00 target price (up from $54.00) on shares of Expeditors International of Washington in a research note on Wednesday, November 8th. Credit Suisse Group lifted their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday, November 8th. UBS Group lifted their target price on Expeditors International of Washington from $48.00 to $56.00 and gave the company a “sell” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Expeditors International of Washington has an average rating of “Hold” and an average target price of $63.88.

Expeditors International of Washington (NASDAQ:EXPD) opened at $66.40 on Friday. Expeditors International of Washington has a 52 week low of $51.57 and a 52 week high of $66.83. The company has a market capitalization of $11,800.00, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72.

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

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 stock was sold at an average price of $60.40, for a total transaction of $620,247.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

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Expeditors International of Washington Profile

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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