Sumitomo Mitsui Trust Holdings Inc. Sells 10,499 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 462,032 shares of the transportation company’s stock after selling 10,499 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Expeditors International of Washington were worth $58,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of Expeditors International of Washington by 53.8% in the first quarter. First Horizon Advisors Inc. now owns 263 shares of the transportation company’s stock valued at $29,000 after buying an additional 92 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Expeditors International of Washington during the 3rd quarter worth $29,000. CVA Family Office LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at $35,000. Clear Street Markets LLC raised its holdings in Expeditors International of Washington by 95.0% in the 1st quarter. Clear Street Markets LLC now owns 314 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 153 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Expeditors International of Washington by 103.6% during the 1st quarter. Covestor Ltd now owns 342 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 174 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EXPD shares. Bank of America began coverage on Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 target price for the company. in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $114.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $108.63.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Trading Up 0.4 %

EXPD opened at $114.79 on Friday. The company has a market cap of $16.29 billion, a P/E ratio of 22.96, a PEG ratio of 8.54 and a beta of 0.99. The company’s 50 day moving average is $120.04 and its 200-day moving average is $120.55. Expeditors International of Washington, Inc. has a 1-year low of $106.43 and a 1-year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, February 20th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.12). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.32 billion. Expeditors International of Washington had a net margin of 8.10% and a return on equity of 28.43%. During the same quarter in the prior year, the business earned $1.38 EPS. The business’s quarterly revenue was down 33.8% on a year-over-year basis. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 4.75 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.