Clean Yield Group Sells 265 Shares of Expeditors International of Washington, Inc. $EXPD

Clean Yield Group cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,830 shares of the transportation company’s stock after selling 265 shares during the period. Clean Yield Group’s holdings in Expeditors International of Washington were worth $1,809,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EXPD. Invesco Ltd. lifted its stake 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 in the last quarter. GAMMA Investing LLC lifted its stake in Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company’s stock valued at $61,021,000 after acquiring an additional 503,833 shares in the last quarter. Boston Partners lifted its stake 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake 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 in the last quarter. Finally, Nuveen LLC bought a new position in Expeditors International of Washington during the 1st quarter valued at $43,816,000. 94.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction dated 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 sale, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EXPD. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Bank of America lowered Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their target price for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Finally, Robert W. Baird started coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price for the company. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $114.78.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $121.92 on Monday. The business has a 50-day moving average of $119.56 and a 200 day moving average of $115.42. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm has a market cap of $16.55 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

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.