Pacer Advisors Inc. Sells 9,493 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Pacer Advisors Inc. reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,205,936 shares of the transportation company’s stock after selling 9,493 shares during the quarter. Pacer Advisors Inc. owned approximately 0.79% of Expeditors International of Washington worth $146,075,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXPD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Expeditors International of Washington by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock worth $2,338,000 after acquiring an additional 1,404 shares in the last quarter. Sei Investments Co. grew its stake in shares of Expeditors International of Washington by 6.7% in the first quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock valued at $13,801,000 after buying an additional 8,438 shares in the last quarter. National Pension Service grew its stake in shares of Expeditors International of Washington by 4.9% in the first quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock valued at $29,784,000 after buying an additional 13,608 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Expeditors International of Washington by 1.0% in the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after buying an additional 190,319 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its stake in shares of Expeditors International of Washington by 234.3% in the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock valued at $59,000 after buying an additional 403 shares in the last quarter. 96.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Expeditors International of Washington in a research note on Friday, August 11th. They issued an “underweight” rating and a $110.00 target price for the company. Morgan Stanley raised their target price on shares of Expeditors International of Washington from $84.00 to $86.00 and gave the company an “underweight” rating in a research note on Monday, August 14th. Stephens raised their price target on Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, August 9th. StockNews.com assumed coverage on Expeditors International of Washington in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Stifel Nicolaus raised their price target on Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.18.

Expeditors International of Washington Stock Down 1.3 %

Shares of EXPD traded down $1.55 during midday trading on Tuesday, reaching $116.20. 147,385 shares of the stock were exchanged, compared to its average volume of 1,215,434. Expeditors International of Washington, Inc. has a twelve month low of $86.08 and a twelve month high of $128.04. The company has a market cap of $17.19 billion, a P/E ratio of 17.65 and a beta of 1.02. The stock’s 50 day simple moving average is $119.48 and its 200 day simple moving average is $115.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, August 8th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). Expeditors International of Washington had a return on equity of 34.31% and a net margin of 8.36%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the business posted $2.27 EPS. The firm’s quarterly revenue was down 51.3% compared to the same quarter last year. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.36 earnings per share for the current year.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.