AIMZ Investment Advisors LLC Has $4.85 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

AIMZ Investment Advisors LLC trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,836 shares of the transportation company’s stock after selling 522 shares during the period. Expeditors International of Washington makes up about 1.7% of AIMZ Investment Advisors LLC’s investment portfolio, making the stock its 13th biggest position. AIMZ Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $4,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EXPD. Cape ANN Savings Bank raised its holdings in Expeditors International of Washington by 2.9% during the 4th quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock worth $427,000 after purchasing an additional 95 shares during the last quarter. SkyOak Wealth LLC increased its holdings in Expeditors International of Washington by 3.9% in the first quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 95 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Expeditors International of Washington by 0.5% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company’s stock valued at $2,775,000 after acquiring an additional 106 shares during the last quarter. Values First Advisors Inc. increased its stake in Expeditors International of Washington by 0.7% in the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company’s stock valued at $2,069,000 after purchasing an additional 112 shares in the last quarter. Finally, Czech National Bank raised its holdings in Expeditors International of Washington by 0.5% in the first quarter. Czech National Bank now owns 25,581 shares of the transportation company’s stock worth $3,110,000 after purchasing an additional 117 shares during the period. 94.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington 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 directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $122.90 on Thursday. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17. The stock has a market cap of $17.36 billion, a PE ratio of 26.04, a P/E/G ratio of 5.50 and a beta of 0.97. The firm has a 50-day moving average of $121.81 and a 200-day moving average of $120.34.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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 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 return on equity of 29.15% and a net margin of 7.40%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 EPS. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Bank of America increased their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $137.00 in a research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $116.00.

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.