Crossmark Global Holdings Inc. Sells 14,534 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Crossmark Global Holdings Inc. lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,477 shares of the transportation company’s stock after selling 14,534 shares during the period. Crossmark Global Holdings Inc.’s holdings in Expeditors International of Washington were worth $5,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners lifted its holdings in shares of Expeditors International of Washington by 2.4% during the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock worth $356,923,000 after acquiring an additional 67,800 shares during the period. First Eagle Investment Management LLC lifted its stake in Expeditors International of Washington by 0.3% in the 1st quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after purchasing an additional 8,282 shares during the last quarter. Wellington Management Group LLP lifted its stake in Expeditors International of Washington by 4.6% in the 4th quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock valued at $333,615,000 after purchasing an additional 115,978 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Expeditors International of Washington by 1.3% in the 4th quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after purchasing an additional 20,272 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after purchasing an additional 1,351,630 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EXPD shares. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a research note on Tuesday, May 14th. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Susquehanna upped their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $116.00.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD traded up $1.25 during trading hours on Friday, hitting $123.42. 1,112,325 shares of the stock were exchanged, compared to its average volume of 1,260,694. The firm has a market capitalization of $17.43 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98. The business has a 50-day moving average of $122.17 and a 200-day moving average of $120.34. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 4.99 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.