Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,772 shares of the transportation company’s stock after selling 1,090 shares during the period. River Road Asset Management LLC’s holdings in Expeditors International of Washington were worth $5,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Versor Investments LP boosted its stake in Expeditors International of Washington by 12.8% in the third quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 600 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Expeditors International of Washington by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock worth $57,524,000 after buying an additional 13,811 shares during the last quarter. Achmea Investment Management B.V. raised its holdings in shares of Expeditors International of Washington by 4.2% in the third quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company’s stock worth $16,983,000 after buying an additional 5,967 shares during the last quarter. Barclays PLC raised its holdings in shares of Expeditors International of Washington by 5.3% in the third quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock worth $125,370,000 after buying an additional 55,062 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Expeditors International of Washington by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 669,562 shares of the transportation company’s stock worth $76,747,000 after buying an additional 54,993 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXPD. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. BNP Paribas cut 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. Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Finally, Bank of America began coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 target price for the company. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.63.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $114.34 on Thursday. The firm has a fifty day moving average price of $120.29 and a 200 day moving average price of $120.59. Expeditors International of Washington, Inc. has a 1 year low of $106.43 and a 1 year high of $131.17. The stock has a market cap of $16.22 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 8.54 and a beta of 0.99.

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

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction on 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 owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.69% of the stock is owned by company insiders.

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.