Tredje AP fonden Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tredje AP fonden cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,859 shares of the transportation company’s stock after selling 357 shares during the period. Tredje AP fonden’s holdings in Expeditors International of Washington were worth $2,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners grew its holdings in shares of Expeditors International of Washington by 2.4% in the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock worth $356,923,000 after acquiring an additional 67,800 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Expeditors International of Washington by 0.3% during the 1st quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after purchasing an additional 8,282 shares during the period. Wellington Management Group LLP increased its position in shares of Expeditors International of Washington by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Expeditors International of Washington by 1.3% in the 4th quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock worth $204,765,000 after purchasing an additional 20,272 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after buying an additional 1,351,630 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on EXPD shares. Robert W. Baird upped their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America boosted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Trading Up 1.9 %

Shares of Expeditors International of Washington stock opened at $125.71 on Friday. The stock has a 50 day moving average of $121.88 and a 200 day moving average of $120.43. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The firm has a market cap of $17.76 billion, a PE ratio of 26.63, a PEG ratio of 5.59 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current fiscal year.

About Expeditors International of Washington

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.