Federated Hermes Inc. Has $988,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Federated Hermes Inc. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,918 shares of the transportation company’s stock after selling 1,540 shares during the period. Federated Hermes Inc.’s holdings in Expeditors International of Washington were worth $988,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cape ANN Savings Bank grew its stake in shares of Expeditors International of Washington by 2.9% during the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares during the period. SkyOak Wealth LLC increased its stake in shares of Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after acquiring an additional 95 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Expeditors International of Washington by 0.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after acquiring an additional 106 shares during the last quarter. Values First Advisors Inc. grew its holdings in Expeditors International of Washington by 0.7% during the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 112 shares during the period. Finally, Czech National Bank increased its stake in Expeditors International of Washington by 0.5% in the first quarter. Czech National Bank now owns 25,581 shares of the transportation company’s stock valued at $3,110,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EXPD shares. Bank of America lifted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Robert W. Baird lifted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Finally, Benchmark reaffirmed 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 issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Trading Down 2.0 %

Expeditors International of Washington stock opened at $123.18 on Friday. The company has a fifty day simple moving average of $122.00 and a 200 day simple moving average of $120.50. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The company has a market cap of $17.40 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97.

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