Candriam S.C.A. Sells 3,837 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Candriam S.C.A. has reduced its stake in Expeditors International of Washington, Inc. by 12.4%, now owning 27,035 shares valued at approximately $3,251,000.
• Other institutional investors, like Invesco Ltd. and GAMMA Investing LLC, have significantly increased their holdings in the company, highlighting increased investor interest.
• The stock price of Expeditors International of Washington is currently around $119.91, with analysts having mixed sentiments reflected in varying price targets and ratings.

Candriam S.C.A. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,035 shares of the transportation company's stock after selling 3,837 shares during the period. Candriam S.C.A.'s holdings in Expeditors International of Washington were worth $3,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPD. Invesco Ltd. boosted its stake in shares of Expeditors International of Washington by 23.4% in the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock valued at $365,548,000 after purchasing an additional 576,468 shares during the last quarter. GAMMA Investing LLC boosted its stake in Expeditors International of Washington by 13,910.4% in the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after acquiring an additional 503,833 shares during the last quarter. Boston Partners grew its holdings in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock worth $516,385,000 after acquiring an additional 498,212 shares during the period. Northern Trust Corp raised its position in shares of Expeditors International of Washington by 19.7% during the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock valued at $253,490,000 after acquiring an additional 376,689 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $43,816,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their target price for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. UBS Group increased their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. Finally, Barclays lowered their target price on shares of 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. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $114.22.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded down $1.80 during trading on Thursday, hitting $120.54. The stock had a trading volume of 201,516 shares, compared to its average volume of 1,361,390. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The company's 50-day moving average price is $116.71 and its two-hundred day moving average price is $114.70. The company has a market capitalization of $16.36 billion, a PE ratio of 21.08, a P/E/G ratio of 5.00 and a beta of 1.05.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington 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 sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.69% of the company's stock.

Expeditors International of Washington 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.