UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $272.61 Million Stake in Expeditors International of Washington, Inc. $EXPD

Key Points

• UBS AM has reduced its stake in Expeditors International of Washington by 6.7%, selling 161,856 shares and now holds a total of 2,267,058 shares valued at $272.6 million.
• Other investors like Boston Partners and Invesco Ltd. have increased their holdings in Expeditors, with Boston Partners increasing theirs by 13.1% during the same quarter.
• Analysts provide mixed ratings on Expeditors, with Bank of America downgrading it to "underperform," while UBS Group has set a price target increase from $117.00 to $120.00.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,267,058 shares of the transportation company's stock after selling 161,856 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.66% of Expeditors International of Washington worth $272,614,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its stake in shares of Expeditors International of Washington by 6.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after acquiring an additional 103 shares during the period. Farther Finance Advisors LLC raised its holdings in 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 worth $132,000 after purchasing an additional 109 shares during the last quarter. Greenleaf Trust lifted its position in Expeditors International of Washington by 2.5% during the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after purchasing an additional 112 shares during the period. Captrust Financial Advisors boosted its stake in shares of Expeditors International of Washington by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock valued at $426,000 after purchasing an additional 115 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV grew its position in shares of Expeditors International of Washington by 5.4% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,320 shares of the transportation company's stock worth $257,000 after buying an additional 118 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.2%

Shares of NASDAQ:EXPD traded up $0.26 during trading on Friday, hitting $123.61. 1,058,851 shares of the company's stock traded hands, compared to its average volume of 1,352,780. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. The company has a 50-day moving average price of $118.17 and a 200-day moving average price of $115.22.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.69% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on EXPD shares. Truist Financial increased 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 report on Monday, June 30th. UBS Group increased their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their price objective for the stock from $117.00 to $118.00 in a research note on Friday, July 11th. Robert W. Baird assumed coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price on the stock. Finally, 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 research report on Tuesday, July 8th. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $114.78.

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.