Shell Asset Management Co. Sells 22,131 Shares of Expeditors International of Washington, Inc. $EXPD

Shell Asset Management Co. cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 65.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,489 shares of the transportation company’s stock after selling 22,131 shares during the period. Shell Asset Management Co.’s holdings in Expeditors International of Washington were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its holdings in Expeditors International of Washington by 17.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after acquiring an additional 918,108 shares during the period. Loomis Sayles & Co. L P lifted its stake in Expeditors International of Washington by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after purchasing an additional 83,366 shares in the last quarter. First Trust Advisors LP boosted its holdings in Expeditors International of Washington by 19.3% in the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after purchasing an additional 335,578 shares during the period. Baird Financial Group Inc. boosted its stake in Expeditors International of Washington by 5.0% during the second quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock valued at $221,339,000 after buying an additional 92,222 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Expeditors International of Washington by 5.1% during the second quarter. Epoch Investment Partners Inc. now owns 1,064,840 shares of the transportation company’s stock worth $121,658,000 after buying an additional 51,503 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $146.27 on Monday. The stock’s 50-day moving average is $156.22 and its 200 day moving average is $136.68. The company has a market cap of $19.60 billion, a PE ratio of 25.57, a P/E/G ratio of 5.00 and a beta of 1.13. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $167.19.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EXPD shares. Morgan Stanley upped their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Zacks Research lowered Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $134.10.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.