Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 34.8% during the 2nd quarter, Holdings Channel reports. The firm owned 9,975 shares of the transportation company’s stock after purchasing an additional 2,574 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Expeditors International of Washington were worth $1,263,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXPD. BDO Wealth Advisors LLC raised its holdings in shares of Expeditors International of Washington by 996.2% in the first quarter. BDO Wealth Advisors LLC now owns 285 shares of the transportation company’s stock worth $31,000 after acquiring an additional 259 shares during the last quarter. Financial Insights Inc. acquired a new position in Expeditors International of Washington in the 2nd quarter valued at about $38,000. Sargent Bickham Lagudis LLC lifted its holdings in Expeditors International of Washington by 150.0% in the 1st quarter. Sargent Bickham Lagudis LLC now owns 375 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 225 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Expeditors International of Washington by 193.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 455 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 300 shares in the last quarter. Finally, Key Financial Inc boosted its stake in shares of Expeditors International of Washington by 20.2% during the 2nd quarter. Key Financial Inc now owns 487 shares of the transportation company’s stock worth $62,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 91.92% of the company’s stock.

In other news, VP Jeffrey F. Dickerman sold 340 shares of the company’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $126.11, for a total transaction of $42,877.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher J. Mcclincy sold 8,200 shares of Expeditors International of Washington stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $126.03, for a total transaction of $1,033,446.00. The disclosure for this sale can be found here. Insiders have sold 8,816 shares of company stock worth $1,111,389 over the last three months. 0.69% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on EXPD shares. Morgan Stanley raised their target price on shares of Expeditors International of Washington from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 4th. Vertical Research cut Expeditors International of Washington from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a report on Monday, July 26th. Wells Fargo & Company lowered their price objective on Expeditors International of Washington from $131.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating and set a $131.00 target price on the stock in a research report on Tuesday, October 5th. Finally, Barclays increased their price objective on shares of Expeditors International of Washington from $96.00 to $100.00 and gave the stock an “underweight” rating in a report on Monday, August 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $112.33.

Shares of Expeditors International of Washington stock opened at $116.14 on Thursday. The business has a 50-day moving average price of $122.21 and a 200 day moving average price of $120.96. Expeditors International of Washington, Inc. has a fifty-two week low of $85.01 and a fifty-two week high of $130.76. The firm has a market cap of $19.73 billion, a P/E ratio of 20.06 and a beta of 0.79.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 3rd. The transportation company reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.21. Expeditors International of Washington had a return on equity of 35.71% and a net margin of 7.88%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the business earned $1.09 EPS. The business’s quarterly revenue was up 49.7% on a year-over-year basis. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post 6.59 EPS for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Read More: Average Daily Trade Volume – What It Means In Stock Trading

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

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