Empirical Asset Management LLC Buys New Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Empirical Asset Management LLC acquired a new position in Expeditors International of Washington, Inc., purchasing 5,085 shares valued at approximately $581,000.
• Institutional investors own a significant 94.02% of Expeditors International's stock, indicating strong investment interest in the company.
• Expeditors International's stock has seen a 1.5% increase recently, with shares opening at $120.00 and a market capitalization of $16.29 billion.

Empirical Asset Management LLC bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,085 shares of the transportation company's stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners raised its position in Expeditors International of Washington by 13.1% in the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock valued at $516,385,000 after buying an additional 498,212 shares during the last quarter. Invesco Ltd. raised its position in 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 buying an additional 576,468 shares during the last quarter. Baird Financial Group Inc. raised its position in Expeditors International of Washington by 4.8% in the 1st quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company's stock valued at $221,874,000 after buying an additional 84,556 shares during the last quarter. Marshfield Associates raised its position in Expeditors International of Washington by 0.8% in the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company's stock valued at $221,470,000 after buying an additional 14,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Expeditors International of Washington by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,359,561 shares of the transportation company's stock valued at $163,476,000 after buying an additional 36,312 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 1.5%

Shares of NASDAQ EXPD opened at $120.00 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15. The stock has a 50 day moving average of $120.79 and a 200-day moving average of $115.63. The company has a market capitalization of $16.29 billion, a P/E ratio of 20.98, a P/E/G ratio of 5.00 and a beta of 1.09.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington 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 approximately $903,200.55. The trade was a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EXPD shares. Baird R W raised Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target 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. Truist Financial boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, UBS Group boosted their price target 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 analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of "Reduce" and an average target price of $114.44.

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.

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