TD Asset Management Inc Has $124.11 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

TD Asset Management Inc decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 994,518 shares of the transportation company’s stock after selling 100,458 shares during the period. TD Asset Management Inc owned 0.70% of Expeditors International of Washington worth $124,106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPD. Crewe Advisors LLC acquired a new position in Expeditors International of Washington during the 1st quarter worth $25,000. Optiver Holding B.V. acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $27,000. Innealta Capital LLC bought a new stake in Expeditors International of Washington in the second quarter valued at about $31,000. Family Firm Inc. bought a new stake in Expeditors International of Washington in the second quarter valued at about $35,000. Finally, ORG Partners LLC increased its stake in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 376 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insiders Place Their Bets

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the 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 sale, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $122.49 on Friday. The company’s 50 day simple moving average is $121.86 and its 200 day simple moving average is $120.27. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The firm has a market capitalization of $17.30 billion, a P/E ratio of 25.95, a P/E/G ratio of 5.61 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EXPD shares. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research note on Tuesday, May 14th. Bank of America upped their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.00.

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.