Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,580 shares of the transportation company’s stock after selling 561 shares during the quarter. Federated Hermes Inc.’s holdings in Expeditors International of Washington were worth $1,473,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EXPD. Asset Management One Co. Ltd. increased its stake in Expeditors International of Washington by 6.8% during the third quarter. Asset Management One Co. Ltd. now owns 67,479 shares of the transportation company’s stock worth $7,735,000 after acquiring an additional 4,288 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Expeditors International of Washington by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 26,899 shares of the transportation company’s stock worth $3,084,000 after acquiring an additional 511 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Expeditors International of Washington by 20.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,200 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 200 shares during the period. Xponance Inc. lifted its holdings in shares of Expeditors International of Washington by 1.2% during the 3rd quarter. Xponance Inc. now owns 21,762 shares of the transportation company’s stock valued at $2,495,000 after acquiring an additional 253 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in Expeditors International of Washington by 62.6% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $171,000 after purchasing an additional 573 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research reports. Bank of America initiated coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a report on Thursday, January 11th. Finally, 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. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $108.63.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Expeditors International of Washington Trading Up 0.4 %

Expeditors International of Washington stock opened at $113.79 on Tuesday. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The stock has a market cap of $16.14 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 8.37 and a beta of 0.99. The stock has a 50 day moving average of $118.36 and a 200-day moving average of $120.52.

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