Massmutual Trust Co. FSB ADV Sells 229 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Massmutual Trust Co. FSB ADV reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 6,723 shares of the transportation company’s stock after selling 229 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Expeditors International of Washington were worth $839,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Boston Partners lifted its position in shares of Expeditors International of Washington by 2.4% during the first quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock worth $356,923,000 after purchasing an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 0.3% during 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 buying an additional 8,282 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Expeditors International of Washington by 4.6% during 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 buying an additional 115,978 shares in the last quarter. Baird Financial Group Inc. grew 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 worth $204,765,000 after acquiring an additional 20,272 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Expeditors International of Washington by 580.8% during the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after acquiring an additional 1,351,630 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 4.3 %

Shares of NASDAQ EXPD traded down $5.25 during trading hours on Tuesday, hitting $116.04. 1,880,474 shares of the stock were exchanged, compared to its average volume of 1,299,555. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The firm has a fifty day moving average price of $123.24 and a 200-day moving average price of $121.10. The company has a market cap of $16.39 billion, a PE ratio of 24.74, a PEG ratio of 5.39 and a beta of 0.98.

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

Analysts Set New Price Targets

EXPD has been the subject of a number of research reports. TD Cowen boosted their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Susquehanna increased their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a research note on Tuesday, April 9th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised 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. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $115.90.

Insider Buying and Selling

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 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.