Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Lessened by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,815 shares of the transportation company’s stock after selling 854 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Expeditors International of Washington were worth $1,757,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. Versor Investments LP boosted its holdings in shares of Expeditors International of Washington by 12.8% during the third quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 600 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Expeditors International of Washington by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock valued at $57,524,000 after acquiring an additional 13,811 shares during the period. Achmea Investment Management B.V. boosted its holdings in shares of Expeditors International of Washington by 4.2% during the third quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company’s stock valued at $16,983,000 after acquiring an additional 5,967 shares during the period. Barclays PLC raised its stake in shares of Expeditors International of Washington by 5.3% during the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock valued at $125,370,000 after purchasing an additional 55,062 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Expeditors International of Washington by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 669,562 shares of the transportation company’s stock valued at $76,747,000 after purchasing an additional 54,993 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Bank of America started coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.63.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by company insiders.

Expeditors International of Washington Trading Down 0.9 %

NASDAQ EXPD opened at $115.62 on Wednesday. The stock’s 50-day moving average price is $120.55 and its two-hundred day moving average price is $120.64. The company has a market cap of $16.40 billion, a PE ratio of 23.34, a PEG ratio of 8.62 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.12). Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. Expeditors International of Washington’s quarterly revenue was down 33.8% on a year-over-year basis. Research analysts forecast that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

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.