Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 21.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,244 shares of the transportation company’s stock after selling 7,038 shares during the quarter. M&T Bank Corp’s holdings in Expeditors International of Washington were worth $3,339,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Expeditors International of Washington by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 26,899 shares of the transportation company’s stock worth $3,084,000 after buying an additional 511 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Expeditors International of Washington by 10.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,820 shares of the transportation company’s stock valued at $323,000 after buying an additional 259 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Expeditors International of Washington by 5.3% during the 3rd quarter. Brown Advisory Inc. now owns 3,522 shares of the transportation company’s stock worth $404,000 after buying an additional 178 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Expeditors International of Washington by 50.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,277 shares of the transportation company’s stock worth $490,000 after acquiring an additional 1,443 shares during the period. Finally, IFM Investors Pty Ltd lifted its stake in shares of Expeditors International of Washington by 4.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 33,465 shares of the transportation company’s stock worth $3,836,000 after acquiring an additional 1,427 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. upped their price objective 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. TD Cowen lifted their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday. BNP Paribas downgraded shares of 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, Bank of America initiated coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They set a “neutral” rating and a $126.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $110.75.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Expeditors International of Washington Trading Down 0.7 %

Shares of EXPD stock opened at $114.83 on Wednesday. The firm’s fifty day simple moving average is $117.76 and its 200 day simple moving average is $120.38. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The firm has a market capitalization of $16.29 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.08. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The business’s revenue was down 14.9% compared to the same quarter last year. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

Expeditors International of Washington Company Profile

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.