Expeditors International of Washington, Inc. $EXPD Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,213 shares of the transportation company’s stock after selling 6,006 shares during the period. The Manufacturers Life Insurance Company’s holdings in Expeditors International of Washington were worth $11,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXPD. Signaturefd LLC raised its position in Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 71 shares during the last quarter. Rossby Financial LCC grew its holdings in shares of Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after buying an additional 80 shares during the last quarter. Claro Advisors Inc. increased its position in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 83 shares during the period. Hardy Reed LLC increased its position in Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 95 shares during the period. Finally, Meeder Advisory Services Inc. raised its stake in Expeditors International of Washington by 5.4% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,874 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 96 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EXPD shares. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group increased their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Bank of America lifted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Barclays boosted their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $153.78.

Expeditors International of Washington Trading Up 1.4%

NASDAQ EXPD opened at $170.28 on Tuesday. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 5.00 and a beta of 1.04. The business’s 50 day moving average is $166.90 and its two-hundred day moving average is $156.51. Expeditors International of Washington, Inc. has a 12-month low of $112.94 and a 12-month high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter last year, the company posted $1.47 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Profile

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.