M&T Bank Corp Has $3.34 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

M&T Bank Corp lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,244 shares of the transportation company's stock after selling 7,038 shares during the quarter. M&T Bank Corp's holdings in Expeditors International of Washington were worth $3,339,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its stake in Expeditors International of Washington by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 26,899 shares of the transportation company's stock valued at $3,084,000 after acquiring an additional 511 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Expeditors International of Washington by 10.1% during the third quarter. Stratos Wealth Partners LTD. now owns 2,820 shares of the transportation company's stock valued at $323,000 after buying an additional 259 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Expeditors International of Washington by 5.3% during the third quarter. Brown Advisory Inc. now owns 3,522 shares of the transportation company's stock worth $404,000 after buying an additional 178 shares during the period. Verdence Capital Advisors LLC grew its holdings in Expeditors International of Washington by 50.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,277 shares of the transportation company's stock worth $490,000 after buying an additional 1,443 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in Expeditors International of Washington by 4.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 33,465 shares of the transportation company's stock valued at $3,836,000 after acquiring an additional 1,427 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday. BNP Paribas cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and set a $116.00 price target on the stock. in a research report on Thursday, January 11th. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $114.00 to $117.00 and gave the company a "hold" rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 9th. Finally, Bank of America assumed coverage on shares of Expeditors International of Washington in a research note on Friday, March 15th. They issued a "neutral" rating and a $126.00 price objective on the stock. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $112.13.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now owns 5,728 shares of the company's stock, valued at approximately $702,424.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $1.94 during midday trading on Wednesday, reaching $116.84. The stock had a trading volume of 1,453,172 shares, compared to its average volume of 1,235,481. The firm's fifty day simple moving average is $117.76 and its two-hundred day simple moving average is $120.38. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 8.49 and a beta of 1.00.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.43% and a net margin of 8.10%. Expeditors International of Washington's revenue for the quarter was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 4.75 EPS for the current fiscal year.

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.