Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stock Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,577 shares of the transportation company’s stock after selling 1,238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Expeditors International of Washington were worth $2,490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Expeditors International of Washington by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock worth $2,338,000 after buying an additional 1,404 shares during the last quarter. Sei Investments Co. lifted its position in shares of Expeditors International of Washington by 6.7% in the first quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock worth $13,801,000 after buying an additional 8,438 shares during the last quarter. National Pension Service lifted its position in shares of Expeditors International of Washington by 4.9% in the first quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock worth $29,784,000 after buying an additional 13,608 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Expeditors International of Washington by 1.0% in the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock worth $2,029,739,000 after buying an additional 190,319 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Expeditors International of Washington by 234.3% in the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock worth $59,000 after buying an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at $702,424.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $114.56 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $106.43 and a twelve month high of $131.17. The stock has a market capitalization of $16.25 billion, a PE ratio of 22.91, a P/E/G ratio of 8.45 and a beta of 0.99. The stock has a 50-day simple moving average of $119.78 and a 200 day simple moving average of $120.55.

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

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of analyst reports. Bank of America initiated 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 for the company. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Finally, BNP Paribas cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price objective for the company. in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating and five have issued 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.

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.