Rockland Trust Co. Trims Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Rockland Trust Co. decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,790 shares of the transportation company’s stock after selling 90 shares during the period. Rockland Trust Co.’s holdings in Expeditors International of Washington were worth $367,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EXPD. Black Diamond Financial LLC grew its holdings in Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company’s stock worth $218,000 after purchasing an additional 89 shares during the period. Cape ANN Savings Bank boosted its holdings in shares of 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 valued at $427,000 after acquiring an additional 95 shares during the last quarter. SkyOak Wealth LLC lifted its position in Expeditors International of Washington by 3.9% during 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 period. Blair William & Co. IL lifted its holdings in shares of Expeditors International of Washington by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company’s stock valued at $970,000 after buying an additional 95 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Expeditors International of Washington by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 104 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 1.7 %

EXPD traded down $2.13 during trading on Friday, reaching $120.44. The company had a trading volume of 1,123,341 shares, compared to its average volume of 1,223,099. The business has a 50 day simple moving average of $122.88 and a 200-day simple moving average of $120.93. The stock has a market cap of $17.01 billion, a P/E ratio of 25.52, a PEG ratio of 5.71 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The business 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%. Expeditors International of Washington’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 earnings per share. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXPD shares. Robert W. Baird upped their target price on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. UBS Group upgraded 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Bank of America raised their price objective on 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. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. According to MarketBeat, the company has an average 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.