Federated Hermes Inc. Sells 561 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Federated Hermes Inc. lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,580 shares of the transportation company’s stock after selling 561 shares during the period. Federated Hermes Inc.’s holdings in Expeditors International of Washington were worth $1,473,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in EXPD. Invesco Ltd. grew its holdings in shares of Expeditors International of Washington by 11.2% during the 3rd quarter. Invesco Ltd. now owns 2,714,889 shares of the transportation company’s stock worth $311,208,000 after purchasing an additional 273,388 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Expeditors International of Washington by 8,732.2% during the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after buying an additional 222,846 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Expeditors International of Washington by 36.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 657,554 shares of the transportation company’s stock valued at $75,375,000 after buying an additional 176,270 shares during the period. Northern Trust Corp raised its stake in shares of Expeditors International of Washington by 7.9% in the 3rd quarter. Northern Trust Corp now owns 2,192,055 shares of the transportation company’s stock valued at $251,275,000 after buying an additional 159,712 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $14,503,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

EXPD stock opened at $113.79 on Tuesday. The business has a fifty day moving average price of $118.36 and a 200 day moving average price of $120.52. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 8.37 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the sale, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.75% 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.