Mutual of America Capital Management LLC Sells 572 Shares of Expeditors International of Washington, Inc. $EXPD

Mutual of America Capital Management LLC reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,709 shares of the transportation company’s stock after selling 572 shares during the period. Mutual of America Capital Management LLC’s holdings in Expeditors International of Washington were worth $1,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Boston Partners grew its holdings in shares of Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after purchasing an additional 498,212 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after purchasing an additional 576,468 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Expeditors International of Washington by 4.8% in the first quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock worth $221,874,000 after purchasing an additional 84,556 shares during the last quarter. Marshfield Associates grew its holdings in shares of Expeditors International of Washington by 0.8% in the first quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock worth $221,470,000 after purchasing an additional 14,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Expeditors International of Washington by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,359,561 shares of the transportation company’s stock worth $163,476,000 after purchasing an additional 36,312 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

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

Expeditors International of Washington Trading Down 0.6%

Shares of Expeditors International of Washington stock opened at $117.73 on Friday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 20.58, a P/E/G ratio of 5.00 and a beta of 1.09. The business has a fifty day simple moving average of $120.72 and a two-hundred day simple moving average of $116.04. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Bank of America cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Finally, Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Seven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Reduce” and an average target price of $114.44.

Expeditors International of Washington Company 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.