AIMZ Investment Advisors LLC Sells 522 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

AIMZ Investment Advisors LLC reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,836 shares of the transportation company’s stock after selling 522 shares during the quarter. Expeditors International of Washington comprises about 1.7% of AIMZ Investment Advisors LLC’s portfolio, making the stock its 13th biggest position. AIMZ Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $4,846,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners lifted its position in Expeditors International of Washington by 2.4% in the 1st quarter. Boston Partners now owns 2,936,736 shares of the transportation company’s stock valued at $356,923,000 after acquiring an additional 67,800 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Expeditors International of Washington by 0.3% during the first quarter. First Eagle Investment Management LLC now owns 2,695,027 shares of the transportation company’s stock valued at $327,634,000 after buying an additional 8,282 shares during the last quarter. Wellington Management Group LLP grew its holdings in Expeditors International of Washington by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 2,622,758 shares of the transportation company’s stock worth $333,615,000 after buying an additional 115,978 shares in the last quarter. Baird Financial Group Inc. raised its position in Expeditors International of Washington by 1.3% in the 4th quarter. Baird Financial Group Inc. now owns 1,609,789 shares of the transportation company’s stock valued at $204,765,000 after buying an additional 20,272 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after purchasing an additional 1,351,630 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXPD. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Bank of America boosted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $116.00.

Insider Buying and Selling

In related 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 transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Trading Up 0.9 %

EXPD opened at $122.90 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 5.50 and a beta of 0.97. The company’s 50 day moving average is $121.81 and its 200 day moving average is $120.34.

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

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.