Amalgamated Bank Decreases Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Amalgamated Bank decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 29,240 shares of the transportation company’s stock after selling 10,107 shares during the period. Amalgamated Bank’s holdings in Expeditors International of Washington were worth $3,649,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EXPD. Boston Partners increased its stake in Expeditors International of Washington by 2.4% during the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after purchasing an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC grew its stake in 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 last quarter. Wellington Management Group LLP increased its holdings in shares of Expeditors International of Washington by 4.6% in the fourth 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 period. Baird Financial Group Inc. raised its stake in shares of Expeditors International of Washington by 1.3% in the fourth 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 last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 580.8% during the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after purchasing an additional 1,351,630 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 2.0 %

Shares of EXPD opened at $123.18 on Monday. The firm has a market cap of $17.40 billion, a P/E ratio of 26.10, a PEG ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The stock’s 50 day moving average is $122.00 and its two-hundred day moving average is $120.50.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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). 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 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. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on EXPD shares. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Robert W. Baird raised their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Finally, Bank of America boosted their price objective 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. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington 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.