OMERS ADMINISTRATION Corp Grows Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Expeditors International of Washington by 25.5% in the first quarter, acquiring an additional 4,110 shares to bring its total to 20,242 shares.
• Currently, 94.02% of Expeditors International's stock is owned by institutional investors, indicating strong institutional interest.
• Analysts have mixed views on the stock, with seven rated as Hold and five as Sell, while the current consensus target price is $114.22.

OMERS ADMINISTRATION Corp boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 25.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,242 shares of the transportation company's stock after acquiring an additional 4,110 shares during the period. OMERS ADMINISTRATION Corp's holdings in Expeditors International of Washington were worth $2,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Boston Partners raised its position in Expeditors International of Washington by 13.1% during the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company's stock worth $516,385,000 after acquiring an additional 498,212 shares during the last quarter. Invesco Ltd. raised its position in Expeditors International of Washington by 23.4% during the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company's stock worth $365,548,000 after acquiring 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 shares of Expeditors International of Washington by 1.2% in the fourth 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 buying an additional 27,965 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Expeditors International of Washington by 2.2% in the fourth quarter. Baird Financial Group Inc. now owns 1,760,546 shares of the transportation company's stock valued at $195,016,000 after buying an additional 38,177 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Expeditors International of Washington by 10.0% in the fourth quarter. ProShare Advisors LLC now owns 1,587,922 shares of the transportation company's stock valued at $175,894,000 after buying an additional 144,361 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 1.0%

EXPD traded up $1.18 during trading on Thursday, hitting $121.58. 755,567 shares of the company's stock were exchanged, compared to its average volume of 1,357,434. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The stock has a 50 day moving average price of $117.59 and a 200 day moving average price of $115.03. The firm has a market cap of $16.50 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business'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 completion of the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EXPD shares. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and boosted their price objective for the company from $117.00 to $118.00 in a research report on Friday, July 11th. TD Cowen cut their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Barclays cut their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Truist Financial boosted their price objective 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. Finally, Robert W. Baird started coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They issued 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of "Reduce" and an average target price of $114.22.

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.