Expeditors International of Washington, Inc. $EXPD Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. has increased its stake in Expeditors International of Washington by 4.8%, acquiring an additional 84,556 shares, bringing its total to 1,845,102 shares valued at approximately $221.87 million.
• Institutional investors own 94.02% of Expeditors International's stock, indicating strong institutional interest in the transportation company.
• Recent analyst ratings reflect a mixed sentiment, with Bank of America downgrading the stock to "underperform" while UBS raised its price target from $117.00 to $120.00.

Baird Financial Group Inc. grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,845,102 shares of the transportation company's stock after buying an additional 84,556 shares during the quarter. Baird Financial Group Inc. owned 1.35% of Expeditors International of Washington worth $221,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of EXPD. Wealth Enhancement Advisory Services LLC grew its position in Expeditors International of Washington by 53.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after acquiring an additional 56,008 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Expeditors International of Washington by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after purchasing an additional 430 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock valued at $667,000 after purchasing an additional 834 shares in the last quarter. Brown Advisory Inc. increased its stake in Expeditors International of Washington by 2.4% during the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock worth $1,249,000 after buying an additional 246 shares during the period. Finally, DAVENPORT & Co LLC purchased a new stake in Expeditors International of Washington during the 1st quarter worth approximately $203,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $0.29 during midday trading on Tuesday, hitting $120.83. 1,342,516 shares of the company's stock were exchanged, compared to its average volume of 1,362,241. The firm's fifty day simple moving average is $117.14 and its 200-day simple moving average is $114.90. The company has a market cap of $16.40 billion, a PE ratio of 21.12, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Analyst Upgrades and Downgrades

Several research firms have commented on EXPD. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Barclays lowered their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group boosted their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Reduce" and an average price target of $114.22.

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.