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

Anchor Capital Advisors LLC lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 378,780 shares of the transportation company’s stock after selling 13,420 shares during the quarter. Expeditors International of Washington comprises 1.3% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Anchor Capital Advisors LLC owned about 0.27% of Expeditors International of Washington worth $47,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in Expeditors International of Washington in the first quarter worth $25,000. Optiver Holding B.V. bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $27,000. Innealta Capital LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $31,000. Family Firm Inc. purchased a new stake in Expeditors International of Washington during the 2nd quarter valued at about $35,000. Finally, ORG Partners LLC grew its position in Expeditors International of Washington by 752.0% during the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after acquiring an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Bank of America boosted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Robert W. Baird raised their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price on the stock in a 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 research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Stock Down 1.2 %

Shares of NASDAQ EXPD opened at $121.00 on Friday. The firm’s 50-day moving average price is $121.78 and its 200-day moving average price is $120.28. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The company has a market cap of $17.09 billion, a PE ratio of 25.64, a PEG ratio of 5.61 and a beta of 0.97.

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

Insider Activity at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

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.