Thrivent Financial for Lutherans Sells 9,034 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Thrivent Financial for Lutherans lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 759,786 shares of the transportation company’s stock after selling 9,034 shares during the quarter. Thrivent Financial for Lutherans owned 0.54% of Expeditors International of Washington worth $94,813,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EXPD. First Trust Advisors LP raised its holdings in Expeditors International of Washington by 580.8% during the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after buying an additional 1,351,630 shares during the last quarter. Norges Bank bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $74,763,000. TD Asset Management Inc boosted its holdings in shares of Expeditors International of Washington by 51.9% during the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after purchasing an additional 296,186 shares during the period. Confluence Investment Management LLC bought a new stake in shares of Expeditors International of Washington in the first quarter worth about $23,178,000. Finally, UBS Group AG increased its holdings in Expeditors International of Washington by 66.7% during the 4th quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after purchasing an additional 175,111 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $123.18 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The firm’s 50-day simple moving average is $122.00 and its two-hundred day simple moving average is $120.50. The stock has a market cap of $17.40 billion, a PE 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 posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of recent analyst reports. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America boosted their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. UBS Group raised shares of 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 research report on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on shares of 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. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.