Mutual of America Capital Management LLC Sells 1,247 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mutual of America Capital Management LLC trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.5% in the second quarter, Holdings Channel.com reports. The firm owned 17,822 shares of the transportation company’s stock after selling 1,247 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Expeditors International of Washington were worth $2,224,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EXPD shares. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America upped 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 upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Two 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 an average rating of “Hold” and an average target price of $116.00.

Expeditors International of Washington Stock Up 2.0 %

Shares of NASDAQ EXPD opened at $128.08 on Wednesday. The firm has a market cap of $18.09 billion, a PE ratio of 27.14, a P/E/G ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17. The company’s fifty day simple moving average is $122.26 and its 200 day simple moving average is $120.57.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.02). The company 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 revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current year.

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.