Royal London Asset Management Ltd. Decreases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Royal London Asset Management Ltd. lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 34.8% during the second quarter, Holdings Channel.com reports. The fund owned 463,968 shares of the transportation company’s stock after selling 247,609 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Expeditors International of Washington were worth $57,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Crewe Advisors LLC acquired a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $25,000. Optiver Holding B.V. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in Expeditors International of Washington in the 2nd quarter valued at $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington in the 2nd quarter valued at $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington in the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EXPD shares. Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a research note on Tuesday, May 14th. Robert W. Baird upped their price target on 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 increased their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $116.00.

Expeditors International of Washington Stock Down 0.6 %

EXPD stock opened at $121.84 on Wednesday. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 5.50 and a beta of 0.97. The business has a fifty day moving average of $121.83 and a two-hundred day moving average of $120.32.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.01 EPS for the current 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.