Mitsubishi UFJ Trust & Banking Corp Trims Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Expeditors International by 18.0% in Q4, selling 19,721 shares and leaving it with 89,589 shares worth about $13.35 million (0.07% of the company).
• Expeditors reported Q4 EPS of $1.49, beating estimates by $0.03 while quarterly revenue fell 3.3% year-over-year; the company has a net margin of 7.64% and ROE of 36.16%.
• Analyst sentiment is skewed negative with an average rating of "Reduce" and an average price target of $134.30 (below the current ~ $147 share price), and institutional investors own about 94% of the stock.

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 18.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,589 shares of the transportation company's stock after selling 19,721 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Expeditors International of Washington worth $13,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp lifted its position in Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company's stock valued at $945,004,000 after purchasing an additional 377,703 shares during the period. Marshfield Associates lifted its position in Expeditors International of Washington by 4.6% in the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company's stock valued at $238,161,000 after purchasing an additional 86,182 shares during the period. Wellington Management Group LLP lifted its position in Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company's stock valued at $235,486,000 after purchasing an additional 749,993 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Expeditors International of Washington by 733.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company's stock valued at $231,432,000 after purchasing an additional 1,661,457 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Expeditors International of Washington by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company's stock valued at $177,923,000 after purchasing an additional 37,390 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 0.5%

Shares of Expeditors International of Washington stock opened at $147.22 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $106.00 and a 12-month high of $167.19. The stock has a market cap of $19.58 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The company has a 50-day moving average of $145.31 and a two-hundred day moving average of $145.82.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period in the previous year, the firm earned $1.68 earnings per share. The business's quarterly revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Zacks Research downgraded shares of Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 14th. Truist Financial reduced their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, February 25th. Barclays raised their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, January 15th. Wolfe Research upgraded shares of Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an "underweight" rating for the company in a research report on Monday, January 12th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $134.30.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company's core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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