Nuveen LLC Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Key Points

• Nuveen LLC acquired approximately 364,377 shares of Expeditors International of Washington, valued at around $43.8 million, representing 0.26% of the company's total stock.
• Despite recent institutional investments, five analysts have assigned a sell rating to Expeditors, and the consensus rating is currently a "Hold" with an average target price of $114.22.
• The stock's price fluctuated between a fifty-two week low of $100.47 and a high of $131.59, with the current trading price at approximately $119.83.

Nuveen LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 364,377 shares of the transportation company's stock, valued at approximately $43,816,000. Nuveen LLC owned approximately 0.26% of Expeditors International of Washington as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in Expeditors International of Washington by 23.4% in the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock worth $365,548,000 after buying an additional 576,468 shares during the last quarter. First Trust Advisors LP boosted its holdings in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after buying an additional 690,539 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Expeditors International of Washington by 1.2% in 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 worth $269,051,000 after buying an additional 27,965 shares during the last quarter. Northern Trust Corp boosted its holdings in Expeditors International of Washington by 19.7% in the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock worth $253,490,000 after buying an additional 376,689 shares during the last quarter. Finally, Marshfield Associates boosted its holdings in Expeditors International of Washington by 0.5% in the 4th quarter. Marshfield Associates now owns 1,827,619 shares of the transportation company's stock worth $202,445,000 after buying an additional 9,592 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock traded down $0.9020 during trading on Thursday, hitting $118.3880. 859,842 shares of the stock traded hands, compared to its average volume of 1,367,318. The firm has a market capitalization of $16.07 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm's fifty day moving average price is $116.15 and its 200-day moving average price is $114.43. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. TD Cowen lowered their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Finally, Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington has an average rating of "Reduce" and a consensus target price of $114.22.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Company 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.