PGGM Investments Has $15.09 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

PGGM Investments trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,641 shares of the transportation company’s stock after selling 1,568 shares during the period. PGGM Investments owned about 0.08% of Expeditors International of Washington worth $15,091,000 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 EXPD. Versor Investments LP grew its holdings in Expeditors International of Washington by 12.8% during the 3rd quarter. Versor Investments LP now owns 5,304 shares of the transportation company’s stock worth $608,000 after acquiring an additional 600 shares during the period. Boston Trust Walden Corp grew its holdings in Expeditors International of Washington by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 452,233 shares of the transportation company’s stock worth $57,524,000 after acquiring an additional 13,811 shares during the period. Achmea Investment Management B.V. grew its holdings in Expeditors International of Washington by 4.2% during the 3rd quarter. Achmea Investment Management B.V. now owns 148,162 shares of the transportation company’s stock worth $16,983,000 after acquiring an additional 5,967 shares during the period. Barclays PLC grew its holdings in Expeditors International of Washington by 5.3% during the 3rd quarter. Barclays PLC now owns 1,093,685 shares of the transportation company’s stock worth $125,370,000 after acquiring an additional 55,062 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Expeditors International of Washington by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 669,562 shares of the transportation company’s stock worth $76,747,000 after acquiring an additional 54,993 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXPD. Bank of America assumed coverage on shares of Expeditors International of Washington in a research report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 9th. BNP Paribas downgraded 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. Finally, Stifel Nicolaus boosted their target price on Expeditors International of Washington from $114.00 to $117.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.63.

Expeditors International of Washington Stock Up 0.1 %

Shares of Expeditors International of Washington stock traded up $0.15 during trading on Friday, reaching $113.30. 1,051,189 shares of the stock were exchanged, compared to its average volume of 1,120,039. The stock’s fifty day moving average is $118.56 and its 200 day moving average is $120.51. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 8.37 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17.

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