Whittier Trust Co. Boosts Stock Position in Expeditors International of Washington, Inc. $EXPD

Whittier Trust Co. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 70.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,696 shares of the transportation company’s stock after acquiring an additional 700 shares during the quarter. Whittier Trust Co.’s holdings in Expeditors International of Washington were worth $194,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EXPD. Invesco Ltd. boosted its holdings in Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after acquiring an additional 576,468 shares during the period. Boston Partners boosted its holdings in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after acquiring an additional 498,212 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Expeditors International of Washington by 516.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock valued at $69,311,000 after acquiring an additional 482,814 shares during the period. Nuveen LLC purchased a new position in Expeditors International of Washington during the 1st quarter valued at $43,816,000. Finally, Epoch Investment Partners Inc. boosted its holdings in Expeditors International of Washington by 26.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,013,337 shares of the transportation company’s stock valued at $121,854,000 after acquiring an additional 209,847 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $117.73 on Friday. The stock has a market capitalization of $15.98 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $129.15. The business has a fifty day moving average price of $120.72 and a 200 day moving average price of $115.95.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Truist Financial upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, June 30th. UBS Group upped their target price on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Finally, Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and upped their target price for the stock from $117.00 to $118.00 in a report on Friday, July 11th. Seven research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $114.44.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.69% of the stock is owned by company insiders.

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.