Securian Asset Management Inc. Sells 384 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Securian Asset Management Inc. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,121 shares of the transportation company’s stock after selling 384 shares during the period. Securian Asset Management Inc.’s holdings in Expeditors International of Washington were worth $1,013,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of Expeditors International of Washington by 71.9% during the 4th quarter. BNP Paribas Financial Markets now owns 228,058 shares of the transportation company’s stock worth $29,009,000 after acquiring an additional 95,389 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 3.1% during the 4th quarter. Summit Trail Advisors LLC now owns 369,420 shares of the transportation company’s stock worth $46,990,000 after acquiring an additional 11,000 shares during the period. Prudential PLC lifted its holdings in shares of Expeditors International of Washington by 80.5% during the 4th quarter. Prudential PLC now owns 88,169 shares of the transportation company’s stock worth $11,215,000 after acquiring an additional 39,321 shares during the period. Trexquant Investment LP bought a new stake in shares of Expeditors International of Washington during the 4th quarter worth approximately $5,468,000. Finally, Banco Santander S.A. lifted its holdings in shares of Expeditors International of Washington by 141.0% during the 1st quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock worth $10,930,000 after acquiring an additional 52,603 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EXPD shares. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. Susquehanna increased their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. TD Cowen increased their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus upped their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $116.00.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $0.37 during trading hours on Monday, hitting $118.71. 693,711 shares of the stock were exchanged, compared to its average volume of 1,299,555. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The business has a 50-day moving average of $123.11 and a 200-day moving average of $120.82. The firm has a market capitalization of $16.77 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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 company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current fiscal year.

About Expeditors International of Washington

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.