Boston Partners Has $516.39 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Boston Partners increased its stake in Expeditors International by 13.1% in Q1, owning approximately 4.3 million shares valued at $516.4 million.
• Other institutional investors also enhanced their positions, with First Trust Advisors LP raising its shares by 33.8% and GAMMA Investing LLC making an impressive 13,910.4% increase.
• Analysts have mixed ratings on the stock, with five research analysts issuing sell ratings and a consensus target price of $114.22, while some raised their price targets recently.

Boston Partners increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,295,924 shares of the transportation company's stock after acquiring an additional 498,212 shares during the quarter. Boston Partners owned about 3.12% of Expeditors International of Washington worth $516,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $30,000. Garde Capital Inc. acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at $37,000. Finally, Colonial Trust Co SC boosted its stake in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 0.0%

Shares of NASDAQ:EXPD traded down $0.04 during mid-day trading on Friday, reaching $119.83. The stock had a trading volume of 1,171,238 shares, compared to its average volume of 1,378,761. The firm has a market cap of $16.26 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm has a 50 day simple moving average of $115.71 and a two-hundred day simple moving average of $114.25. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price target for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of 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. Finally, Truist Financial upped their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $114.22.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm'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 sale, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

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.