Vestcor Inc Reduces Holdings in Expeditors International of Washington, Inc. $EXPD

Vestcor Inc reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 53.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,484 shares of the transportation company’s stock after selling 8,620 shares during the quarter. Vestcor Inc’s holdings in Expeditors International of Washington were worth $917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Expeditors International of Washington by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Expeditors International of Washington by 75.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 999 shares during the period. Woodline Partners LP grew its stake in Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after buying an additional 3,420 shares during the last quarter. Focus Partners Wealth increased its position in Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after buying an additional 1,324 shares during the period. Finally, Allworth Financial LP increased its position in Expeditors International of Washington by 25.6% during the second quarter. Allworth Financial LP now owns 8,284 shares of the transportation company’s stock worth $946,000 after buying an additional 1,686 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.6%

Shares of EXPD traded up $0.92 during mid-day trading on Friday, hitting $143.15. The company’s stock had a trading volume of 124,223 shares, compared to its average volume of 1,681,320. The firm has a 50-day simple moving average of $154.34 and a 200 day simple moving average of $140.03. The firm has a market capitalization of $19.11 billion, a P/E ratio of 25.01, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXPD shares. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Morgan Stanley lifted their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Finally, Truist Financial lowered their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $134.30.

Expeditors International of Washington Company 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.