Expeditors International of Washington, Inc. $EXPD Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 46.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,920 shares of the transportation company’s stock after selling 11,127 shares during the quarter. Intech Investment Management LLC’s holdings in Expeditors International of Washington were worth $1,584,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in Expeditors International of Washington in the 2nd quarter valued at about $111,222,000. First Eagle Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after acquiring an additional 918,108 shares during the period. First Trust Advisors LP boosted its holdings in shares of Expeditors International of Washington by 19.3% in the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after acquiring an additional 335,578 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Expeditors International of Washington by 158.4% during the second quarter. Acadian Asset Management LLC now owns 201,015 shares of the transportation company’s stock valued at $22,963,000 after acquiring an additional 123,223 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Expeditors International of Washington by 48.0% during the second quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after acquiring an additional 118,114 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXPD shares. Truist Financial decreased their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Susquehanna decreased their target price on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Morgan Stanley boosted their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. Finally, UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington Price Performance

EXPD stock opened at $146.61 on Friday. The firm has a market capitalization of $19.57 billion, a P/E ratio of 25.63, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $167.19. The company’s 50 day simple moving average is $155.06 and its 200-day simple moving average is $139.22.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the business posted $1.68 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.