PGGM Investments Sells 4,901 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

PGGM Investments lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,740 shares of the transportation company’s stock after selling 4,901 shares during the quarter. PGGM Investments owned 0.08% of Expeditors International of Washington worth $14,194,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Boston Partners raised its position in shares of Expeditors International of Washington by 2.4% during the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock worth $356,923,000 after purchasing an additional 67,800 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Expeditors International of Washington by 0.3% in 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 buying an additional 8,282 shares during the last quarter. Wellington Management Group LLP grew its stake 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 buying an additional 115,978 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Expeditors International of Washington by 1.3% during the fourth quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock worth $204,765,000 after buying an additional 20,272 shares during the last quarter. Finally, First Trust Advisors LP raised its position in 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 acquiring an additional 1,351,630 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 0.0 %

Shares of EXPD traded up $0.04 during midday trading on Wednesday, reaching $119.33. 691,911 shares of the stock were exchanged, compared to its average volume of 1,297,365. The stock’s 50 day simple moving average is $122.87 and its 200 day simple moving average is $120.66. The company has a market cap of $16.86 billion, a P/E ratio of 25.28, a PEG ratio of 5.39 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business posted $1.30 earnings per share. Expeditors International of Washington’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts predict that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current year.

Insider Activity at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EXPD. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Robert W. Baird boosted their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. TD Cowen raised their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Bank of America increased their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.00.

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.