Epoch Investment Partners Inc. Purchases 209,847 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Epoch Investment Partners Inc. has increased its holdings in Expeditors International by 26.1%, owning over 1 million shares valued at approximately $121.85 million as of their latest SEC filing.
• In the first quarter, other major investors, including Wealth Enhancement Advisory Services LLC and State of Alaska Department of Revenue, also boosted their stakes in Expeditors International, highlighting strong institutional interest.
• Analysts have mixed opinions on the stock, with recent price targets ranging from $105 to $118, and an average rating of "Reduce" reflected by the research notes from several institutions.

Epoch Investment Partners Inc. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 26.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,013,337 shares of the transportation company's stock after purchasing an additional 209,847 shares during the period. Epoch Investment Partners Inc. owned 0.74% of Expeditors International of Washington worth $121,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPD. MML Investors Services LLC increased its stake in shares of Expeditors International of Washington by 8.1% during the fourth quarter. MML Investors Services LLC now owns 10,255 shares of the transportation company's stock valued at $1,136,000 after purchasing an additional 767 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $422,000. Boothbay Fund Management LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $232,000. Marshfield Associates increased its stake in shares of Expeditors International of Washington by 0.5% during the fourth quarter. Marshfield Associates now owns 1,827,619 shares of the transportation company's stock valued at $202,445,000 after purchasing an additional 9,592 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Expeditors International of Washington by 19.7% during the fourth quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock valued at $253,490,000 after purchasing an additional 376,689 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXPD shares. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. 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 target on the stock. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price target for the company from $117.00 to $118.00 in a report on Friday, July 11th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Finally, Barclays cut their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $114.22.

Expeditors International of Washington Trading Down 0.9%

EXPD stock traded down $1.07 during midday trading on Thursday, reaching $121.26. 811,454 shares of the company's stock traded hands, compared to its average volume of 1,365,205. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The stock has a market cap of $16.46 billion, a P/E ratio of 21.20, a PEG ratio of 5.00 and a beta of 1.05. The stock's 50-day moving average is $116.88 and its 200 day moving average is $114.76.

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.