US Bancorp DE Sells 406 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

US Bancorp DE decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 213,608 shares of the transportation company’s stock after selling 406 shares during the quarter. US Bancorp DE owned 0.15% of Expeditors International of Washington worth $28,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Black Diamond Financial LLC increased its stake in Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after purchasing an additional 89 shares during the period. Blair William & Co. IL lifted its holdings in Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after buying an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Expeditors International of Washington by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after buying an additional 104 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Expeditors International of Washington by 0.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock worth $2,775,000 after acquiring an additional 106 shares in the last quarter. Finally, Values First Advisors Inc. increased its position in shares of Expeditors International of Washington by 0.7% during the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock worth $2,069,000 after acquiring an additional 112 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EXPD. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating and dropped their price target for the stock from $112.00 to $106.00 in a research report on Monday, October 14th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Bank of America upped their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Wolfe Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Stock Up 0.0 %

NASDAQ:EXPD opened at $119.02 on Friday. The firm has a 50 day moving average of $122.62 and a 200 day moving average of $121.11. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.59. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 5.05 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last announced its 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 return on equity of 29.15% and a net margin of 7.40%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm earned $1.30 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington 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.