Expeditors International of Washington, Inc. $EXPD Shares Sold by Auto Owners Insurance Co

Auto Owners Insurance Co cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% in the second quarter, HoldingsChannel.com reports. The fund owned 4,095 shares of the transportation company’s stock after selling 255 shares during the period. Auto Owners Insurance Co’s holdings in Expeditors International of Washington were worth $468,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in Expeditors International of Washington by 17.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock worth $667,000 after acquiring an additional 834 shares during the period. Brown Advisory Inc. grew its holdings in shares of Expeditors International of Washington by 2.4% during the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock worth $1,249,000 after buying an additional 246 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Expeditors International of Washington during the first quarter worth $203,000. Oppenheimer & Co. Inc. grew its holdings in shares of Expeditors International of Washington by 9.9% during the first quarter. Oppenheimer & Co. Inc. now owns 3,987 shares of the transportation company’s stock worth $479,000 after buying an additional 360 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Expeditors International of Washington by 16.5% during the first quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company’s stock worth $507,000 after buying an additional 598 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.1%

Shares of EXPD opened at $119.53 on Wednesday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $129.15. The firm has a 50-day moving average price of $120.68 and a 200 day moving average price of $116.23. The firm has a market capitalization of $16.22 billion, a P/E ratio of 20.90, a P/E/G ratio of 5.00 and a beta of 1.09.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXPD. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Robert W. Baird began coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price for the company. UBS Group upped their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a report on Friday, October 10th. Finally, Barclays upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Reduce” and a consensus price target of $114.44.

Expeditors International of Washington 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.