Baker Tilly Wealth Management LLC Decreases Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Baker Tilly Wealth Management LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 34.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,044 shares of the transportation company’s stock after selling 1,594 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Expeditors International of Washington were worth $380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Boston Partners increased its position 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 valued at $356,923,000 after purchasing an additional 67,800 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Expeditors International of Washington by 0.3% in the first quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after acquiring an additional 8,282 shares during the period. Wellington Management Group LLP lifted its holdings in shares of 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 worth $333,615,000 after acquiring an additional 115,978 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of 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 during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Expeditors International of Washington by 580.8% during the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after purchasing an additional 1,351,630 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $0.62 during trading on Friday, reaching $120.06. 994,947 shares of the company’s stock traded hands, compared to its average volume of 1,293,208. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 5.39 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The company’s 50 day simple moving average is $122.64 and its two-hundred day simple moving average is $120.59.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, August 6th. The transportation company reported $1.24 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 firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts expect that Expeditors International of Washington, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on EXPD shares. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Susquehanna increased their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Robert W. Baird boosted their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, TD Cowen raised their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.00.

Expeditors International of Washington Company Profile

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.