Anchor Capital Advisors LLC Trims Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Anchor Capital Advisors LLC decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 378,780 shares of the transportation company’s stock after selling 13,420 shares during the period. Expeditors International of Washington makes up approximately 1.3% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Anchor Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $47,268,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in shares of Expeditors International of Washington by 23.5% in the second quarter. Illinois Municipal Retirement Fund now owns 122,472 shares of the transportation company’s stock valued at $15,283,000 after acquiring an additional 23,286 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Expeditors International of Washington by 13.5% in the 2nd quarter. Victory Capital Management Inc. now owns 311,298 shares of the transportation company’s stock worth $38,847,000 after purchasing an additional 36,907 shares in the last quarter. National Bank of Canada FI boosted its stake in Expeditors International of Washington by 15.4% in the 2nd quarter. National Bank of Canada FI now owns 50,154 shares of the transportation company’s stock worth $6,059,000 after purchasing an additional 6,700 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in Expeditors International of Washington by 31.5% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,557 shares of the transportation company’s stock valued at $194,000 after buying an additional 373 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of Expeditors International of Washington by 6.2% during the second quarter. Resonant Capital Advisors LLC now owns 7,766 shares of the transportation company’s stock valued at $969,000 after buying an additional 450 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $121.00 on Friday. The company has a market cap of $17.09 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 5.61 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The stock’s 50 day simple moving average is $121.78 and its two-hundred day simple moving average is $120.28.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Insider Activity

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of a number of research reports. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Robert W. Baird increased their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a research report on Tuesday, May 14th. Finally, UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $116.00.

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.