The Manufacturers Life Insurance Company Sells 1,581 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

The Manufacturers Life Insurance Company decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,085 shares of the transportation company’s stock after selling 1,581 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Expeditors International of Washington worth $12,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Marshfield Associates lifted its stake in Expeditors International of Washington by 0.3% in the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company’s stock worth $226,013,000 after purchasing an additional 5,712 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of Expeditors International of Washington in the second quarter worth about $1,446,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock valued at $51,089,000 after acquiring an additional 349,362 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Expeditors International of Washington by 2.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 7,485 shares of the transportation company’s stock valued at $934,000 after acquiring an additional 175 shares during the period. Finally, AQR Capital Management LLC grew its position in Expeditors International of Washington by 42.2% during the 2nd quarter. AQR Capital Management LLC now owns 193,607 shares of the transportation company’s stock worth $24,160,000 after acquiring an additional 57,412 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Robert W. Baird boosted their target price on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Bank of America upped their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $122.63 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The firm’s 50-day simple moving average is $123.00 and its two-hundred day simple moving average is $120.89. The stock has a market cap of $17.32 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 5.71 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a net margin of 7.40% and a return on equity of 29.15%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.01 EPS for the current year.

Expeditors International of Washington 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.