Intech Investment Management LLC Has $1.93 Million Holdings in Expeditors International of Washington, Inc. $EXPD

Intech Investment Management LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 47.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,079 shares of the transportation company’s stock after buying an additional 5,207 shares during the quarter. Intech Investment Management LLC’s holdings in Expeditors International of Washington were worth $1,934,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EXPD. Captrust Financial Advisors raised its position in shares of Expeditors International of Washington by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company’s stock worth $426,000 after purchasing an additional 115 shares during the period. Focus Partners Wealth acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $432,000. Rafferty Asset Management LLC raised its position in shares of Expeditors International of Washington by 8.0% during the fourth quarter. Rafferty Asset Management LLC now owns 16,508 shares of the transportation company’s stock worth $1,829,000 after purchasing an additional 1,228 shares during the period. Tidal Investments LLC raised its position in shares of Expeditors International of Washington by 69.9% during the fourth quarter. Tidal Investments LLC now owns 9,287 shares of the transportation company’s stock worth $1,029,000 after purchasing an additional 3,820 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Expeditors International of Washington by 57.0% during the fourth quarter. Two Sigma Advisers LP now owns 669,700 shares of the transportation company’s stock worth $74,183,000 after purchasing an additional 243,200 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Thursday, September 11th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. UBS Group upped their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, Bank of America downgraded Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their price target for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Reduce” and an average price target of $114.78.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $124.80 on Wednesday. The company has a market capitalization of $16.94 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The business has a fifty day moving average price of $118.48 and a two-hundred day moving average price of $115.32. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

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.