Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 74.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,803 shares of the transportation company’s stock after selling 22,194 shares during the quarter. Acadian Asset Management LLC’s holdings in Expeditors International of Washington were worth $971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at about $25,000. Optiver Holding B.V. acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $27,000. Innealta Capital LLC acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington in the 2nd quarter valued at about $35,000. Finally, ORG Partners LLC lifted its holdings in shares of Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after buying an additional 376 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.2 %

EXPD stock opened at $121.04 on Tuesday. The firm has a 50-day moving average of $121.72 and a two-hundred day moving average of $120.39. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 5.59 and a beta of 0.97.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Robert W. Baird increased their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $116.00.

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.