Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Expeditors International of Washington by 35.3%, now holding 12,285 shares valued at approximately $1.48 million.
• Institutional investors control 94.02% of Expeditors International's stock, indicating strong institutional backing.
• Recent analyst ratings for Expeditors reflect a consensus of "Hold" with a target price around $114.22, with several brokerages recently downgrading their ratings.

Federated Hermes Inc. lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 35.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,285 shares of the transportation company's stock after purchasing an additional 3,203 shares during the period. Federated Hermes Inc.'s holdings in Expeditors International of Washington were worth $1,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. NDVR Inc. lifted its stake in shares of Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC raised its holdings in Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after purchasing an additional 100 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after purchasing an additional 103 shares during the period. Farther Finance Advisors LLC boosted its holdings in Expeditors International of Washington by 11.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after purchasing an additional 109 shares in the last quarter. Finally, Greenleaf Trust increased its position in Expeditors International of Washington by 2.5% during the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after purchasing an additional 112 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded down $0.77 during mid-day trading on Thursday, hitting $117.96. 1,123,776 shares of the company's stock traded hands, compared to its average volume of 1,387,708. The company has a market cap of $16.15 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm's 50 day simple moving average is $114.79 and its 200 day simple moving average is $114.01. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent analyst reports. Robert W. Baird began coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Truist Financial raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. Bank of America cut 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 note on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Finally, UBS Group boosted their price objective on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $114.22.

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.