Rhumbline Advisers Sells 44,898 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Rhumbline Advisers lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 346,815 shares of the transportation company’s stock after selling 44,898 shares during the period. Rhumbline Advisers owned 0.25% of Expeditors International of Washington worth $43,279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC bought a new position in Expeditors International of Washington during the first quarter worth about $25,000. Optiver Holding B.V. bought a new position in Expeditors International of Washington during the fourth quarter worth about $27,000. Innealta Capital LLC bought a new position in Expeditors International of Washington during the second quarter worth about $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $35,000. Finally, ORG Partners LLC boosted its holdings in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after acquiring an additional 376 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Wolfe Research upgraded Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a report on Tuesday, May 14th. Robert W. Baird boosted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Finally, Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $116.00.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 2.2 %

NASDAQ EXPD opened at $122.49 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The company has a 50 day moving average of $121.86 and a 200-day moving average of $120.27. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 5.61 and a beta of 0.98.

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