Brandywine Global Investment Management LLC Has $29.20 Million Stake in Expeditors International of Washington, Inc. $EXPD

Key Points

• Brandywine Global Investment Management LLC increased its holdings in Expeditors International by 22.8% during the first quarter, acquiring 45,131 additional shares and bringing its ownership to 242,856 shares valued at approximately $29.2 million.
• Institutional investors now own 94.02% of Expeditors International, indicating significant confidence from large financial entities in the company's stock.
• Several analysts have adjusted their price targets for Expeditors International, with the consensus target price now at $114.22 and a current consensus rating of "Hold."

Brandywine Global Investment Management LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 22.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,856 shares of the transportation company's stock after buying an additional 45,131 shares during the period. Brandywine Global Investment Management LLC owned 0.18% of Expeditors International of Washington worth $29,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington during the first quarter worth approximately $26,000. Zions Bancorporation National Association UT bought a new stake in Expeditors International of Washington during the first quarter worth approximately $30,000. Garde Capital Inc. bought a new stake in Expeditors International of Washington during the first quarter worth approximately $37,000. Finally, Colonial Trust Co SC boosted its position in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen decreased their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. Baird R W raised Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Finally, UBS Group upped their target price 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $114.22.

Expeditors International of Washington Stock Down 1.2%

Shares of EXPD stock traded down $1.5080 during trading hours on Wednesday, reaching $119.8920. 643,843 shares of the company's stock were exchanged, compared to its average volume of 1,365,816. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The stock has a market capitalization of $16.27 billion, a P/E ratio of 20.96, a P/E/G ratio of 5.00 and a beta of 1.05. The business has a fifty day moving average price of $115.98 and a 200-day moving average price of $114.34.

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.