Intech Investment Management LLC Boosts Stake in Expeditors International of Washington, Inc. $EXPD

Key Points

• Intech Investment Management LLC increased its holdings in Expeditors International by 47.9% in the first quarter, totaling $1.93 million and 16,079 shares after acquiring an additional 5,207 shares.
• Various institutional investors, including Captrust Financial Advisors and Tidal Investments LLC, also raised their positions in Expeditors International during the fourth quarter, reflecting strong interest from institutional stakeholders.
• Equities analysts have mixed responses towards Expeditors International, with several raising their price targets while assigning ratings ranging from "underweight" to "neutral," resulting in an average price target of $114.78.

Intech Investment Management LLC boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 47.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,079 shares of the transportation company's stock after acquiring an additional 5,207 shares during the quarter. Intech Investment Management LLC's holdings in Expeditors International of Washington were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Boston Partners boosted 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 valued at $516,385,000 after acquiring an additional 498,212 shares during the period. Invesco Ltd. raised its position in Expeditors International of Washington by 23.4% during 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Expeditors International of Washington by 1.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company's stock valued at $269,051,000 after purchasing an additional 27,965 shares during the last quarter. Baird Financial Group Inc. raised its position in Expeditors International of Washington by 4.8% during 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 purchasing an additional 84,556 shares during the last quarter. Finally, Marshfield Associates raised its position in Expeditors International of Washington by 0.8% during the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company's stock valued at $221,470,000 after purchasing an additional 14,127 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $0.89 during mid-day trading on Thursday, reaching $124.06. 1,329,769 shares of the company's stock traded hands, compared to its average volume of 1,345,327. The stock has a market cap of $16.84 billion, a P/E ratio of 21.69, a P/E/G ratio of 5.00 and a beta of 1.06. The stock's 50-day moving average is $118.62 and its two-hundred day moving average is $115.39. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59.

Analysts Set New Price Targets

A number of research firms have commented on EXPD. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price target for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Baird R W raised Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Truist Financial increased their target price 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. UBS Group increased their target price 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. Finally, Robert W. Baird initiated coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $114.78.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company's stock.

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.