Expeditors International of Washington, Inc. $EXPD Holdings Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,132 shares of the transportation company’s stock after selling 38,027 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Expeditors International of Washington worth $58,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Verdence Capital Advisors LLC increased its stake in shares of Expeditors International of Washington by 2.1% during the third quarter. Verdence Capital Advisors LLC now owns 2,472 shares of the transportation company’s stock worth $456,000 after acquiring an additional 51 shares during the period. Quadrant Capital Group LLC lifted its position in Expeditors International of Washington by 1.5% in the third quarter. Quadrant Capital Group LLC now owns 3,886 shares of the transportation company’s stock valued at $758,000 after purchasing an additional 56 shares during the period. Mather Group LLC. boosted its holdings in Expeditors International of Washington by 6.4% in the 3rd quarter. Mather Group LLC. now owns 1,051 shares of the transportation company’s stock valued at $194,000 after purchasing an additional 63 shares in the last quarter. RFG Advisory LLC boosted its holdings in Expeditors International of Washington by 3.5% in the 2nd quarter. RFG Advisory LLC now owns 1,882 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 64 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in Expeditors International of Washington by 76.0% in the 3rd quarter. Fortitude Family Office LLC now owns 176 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their target price on Expeditors International of Washington from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 1st. UBS Group lifted their price target on Expeditors International of Washington from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Citizens Jmp assumed coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Zacks Research cut Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $175.27.

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Expeditors International of Washington Trading Up 1.8%

Shares of Expeditors International of Washington stock opened at $204.24 on Wednesday. The company has a 50-day moving average of $192.30 and a two-hundred day moving average of $167.46. Expeditors International of Washington, Inc. has a 12-month low of $128.10 and a 12-month high of $206.23. The stock has a market cap of $26.55 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. Expeditors International of Washington’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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