QRG Capital Management Inc. Has $2.78 Million Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• QRG Capital Management Inc. reduced its holdings in Expeditors International of Washington by 19.3% in Q2, owning 24,313 shares worth $2.78 million.
• Institutional investors control 94.02% of Expeditors International's stock, with several firms increasing their stakes significantly in Q1.
• Expeditors stock has recently fluctuated, experiencing a 12-month low of $100.47 and a high of $129.15.

QRG Capital Management Inc. lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,313 shares of the transportation company's stock after selling 5,815 shares during the period. QRG Capital Management Inc.'s holdings in Expeditors International of Washington were worth $2,778,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Invesco Ltd. grew 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 valued at $365,548,000 after buying an additional 576,468 shares in the last quarter. Boston Partners grew its stake in shares of Expeditors International of Washington by 13.1% in the first 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 in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Expeditors International of Washington by 516.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company's stock worth $69,311,000 after acquiring an additional 482,814 shares during the period. Nuveen LLC acquired a new stake in Expeditors International of Washington in the 1st quarter worth about $43,816,000. Finally, Epoch Investment Partners Inc. raised its stake in Expeditors International of Washington by 26.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,013,337 shares of the transportation company's stock worth $121,854,000 after purchasing an additional 209,847 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 0.3%

EXPD stock opened at $123.85 on Tuesday. The stock has a market capitalization of $16.81 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm has a 50-day moving average price of $120.48 and a 200-day moving average price of $115.70. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction 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 sale, the vice president owned 7,651 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. 0.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their price objective for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Thursday, September 11th. UBS Group raised their price target 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 started coverage on shares of 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 research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $114.78.

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.

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