Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Expeditors by 4.3% in Q4, selling 16,382 shares and leaving it with 365,660 shares (about 0.27% of the company) valued at roughly $54.49 million.
• Analyst sentiment is mixed with a MarketBeat average rating of "Reduce" and a consensus target price of $134.30 (2 Buys, 6 Holds, 4 Sells), and several recent price-target cuts from firms like Susquehanna and Truist.
• Expeditors beat Q4 EPS expectations ($1.49 vs. $1.46) while revenue fell 3.3% year‑over‑year; the company has a $19.15 billion market cap, a P/E of 25.18, and a 12‑month range of $103.76–$167.19.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 365,660 shares of the transportation company's stock after selling 16,382 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of Expeditors International of Washington worth $54,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company's stock worth $514,000 after buying an additional 71 shares in the last quarter. RIA Advisory Group LLC boosted its holdings in Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company's stock worth $364,000 after buying an additional 78 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company's stock worth $256,000 after buying an additional 84 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Expeditors International of Washington by 1.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company's stock valued at $806,000 after purchasing an additional 95 shares during the last quarter. Finally, Atria Investments Inc increased its position in shares of Expeditors International of Washington by 0.3% in the third quarter. Atria Investments Inc now owns 33,622 shares of the transportation company's stock valued at $4,122,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EXPD. Susquehanna dropped their price target on Expeditors International of Washington from $160.00 to $142.00 and set a "neutral" rating for the company in a research report on Wednesday, February 25th. Wolfe Research upgraded Expeditors International of Washington from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Zacks Research cut Expeditors International of Washington from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 14th. Truist Financial dropped their price target on 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. Finally, Bank of America raised shares of Expeditors International of Washington from a "neutral" rating to a "buy" rating in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $134.30.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $144.01 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $103.76 and a 12-month high of $167.19. The company has a market capitalization of $19.15 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm's 50-day moving average is $146.58 and its two-hundred day moving average is $143.87.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the firm earned $1.68 EPS. The firm's revenue was down 3.3% compared to the same quarter last year. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

About Expeditors International of Washington

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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