PGGM Investments Sells 1,568 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

PGGM Investments reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 118,641 shares of the transportation company’s stock after selling 1,568 shares during the quarter. PGGM Investments’ holdings in Expeditors International of Washington were worth $15,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EXPD. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $35,000. BKM Wealth Management LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $37,000. Planned Solutions Inc. purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $37,000. Fortitude Family Office LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $38,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $49,000. 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 2,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on EXPD shares. JPMorgan Chase & Co. lifted their price target on shares of 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. Bank of America started coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They set a “neutral” rating and a $126.00 price target for the company. BNP Paribas cut shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Thursday, January 11th. Finally, Stifel Nicolaus lifted their price target on shares of 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 assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.63.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded up $0.15 during trading hours on Friday, hitting $113.30. The company’s stock had a trading volume of 1,051,189 shares, compared to its average volume of 1,120,039. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 8.37 and a beta of 0.99. The firm’s fifty day moving average price is $118.56 and its 200 day moving average price is $120.51. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, February 20th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.12). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.32 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. The company’s revenue was down 33.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 EPS. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 4.75 earnings per share 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.