Robeco Institutional Asset Management B.V. Lowers Stake in Expeditors International of Washington, Inc. $EXPD

Robeco Institutional Asset Management B.V. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 94.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,346 shares of the transportation company's stock after selling 153,166 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Expeditors International of Washington were worth $954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXPD. Wedmont Private Capital raised its position in shares of Expeditors International of Washington by 14.7% during the 1st quarter. Wedmont Private Capital now owns 2,523 shares of the transportation company's stock valued at $278,000 after buying an additional 323 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Expeditors International of Washington by 224.4% during the 1st quarter. Park Avenue Securities LLC now owns 9,359 shares of the transportation company's stock valued at $1,125,000 after buying an additional 6,474 shares in the last quarter. Portside Wealth Group LLC raised its position in shares of Expeditors International of Washington by 12.6% during the 1st quarter. Portside Wealth Group LLC now owns 4,142 shares of the transportation company's stock valued at $498,000 after buying an additional 463 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Expeditors International of Washington by 11.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after buying an additional 109 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in Expeditors International of Washington by 11.7% in the 1st quarter. Yousif Capital Management LLC now owns 85,748 shares of the transportation company's stock worth $10,311,000 after purchasing an additional 9,011 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction dated 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company's stock.

Expeditors International of Washington Trading Down 1.2%

Shares of EXPD opened at $122.17 on Wednesday. The firm's 50-day moving average price is $120.64 and its 200-day moving average price is $115.74. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $129.15.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of analyst reports. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the stock from $117.00 to $118.00 in a research report on Friday, July 11th. Truist Financial lifted their target price on shares of 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 lifted their target price on shares of 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. Robert W. Baird initiated 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 target price on the stock. Finally, Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Thursday, September 11th. Seven research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $114.78.

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.

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