UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 161,856 Shares of 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 reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 1.66% of Expeditors International of Washington worth $272,614,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Alpine Bank Wealth Management bought a new position in Expeditors International of Washington in the 1st quarter valued at about $26,000. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington during the 1st quarter worth approximately $30,000. Garde Capital Inc. bought a new stake in shares of Expeditors International of Washington in the first quarter valued at about $37,000. Park Square Financial Group LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $42,000. Finally, Twin Tree Management LP acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $42,000. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EXPD shares. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their price objective for the company from $117.00 to $118.00 in a report on Friday, July 11th. Barclays boosted their price objective on 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. UBS Group increased their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Robert W. Baird started coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price target on the stock. Seven analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $114.78.

Expeditors International of Washington Trading Up 0.2%

Shares of EXPD traded up $0.20 on Tuesday, reaching $124.38. The company's stock had a trading volume of 153,991 shares, compared to its average volume of 1,342,802. The stock has a market capitalization of $16.88 billion, a PE ratio of 21.77, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a fifty day moving average of $118.33 and a 200-day moving average of $115.26.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares of the company's stock, valued at $903,200.55. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by insiders.

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.