Trinity Legacy Partners LLC Has $3.87 Million Stake in Expeditors International of Washington, Inc. $EXPD

Trinity Legacy Partners LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,305 shares of the transportation company’s stock after purchasing an additional 384 shares during the period. Trinity Legacy Partners LLC’s holdings in Expeditors International of Washington were worth $3,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPD. Invesco Ltd. grew its position in Expeditors International of Washington by 23.4% in the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after purchasing an additional 576,468 shares during the last quarter. Boston Partners boosted its position in shares of 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. boosted its position in shares of 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. Nuveen LLC acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $43,816,000. Finally, Epoch Investment Partners Inc. boosted its position in shares of 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 in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 target price on the stock. Bank of America lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $117.00 to $118.00 in a research report on Friday, July 11th. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a research report on Tuesday, July 1st. UBS Group lifted their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Barclays upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus price target of $114.78.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’s 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 transaction, the vice president owned 7,651 shares in the company, valued at $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $123.16 on Friday. The stock’s fifty day moving average is $120.17 and its 200-day moving average is $115.61. The stock has a market capitalization of $16.71 billion, a PE ratio of 21.53, a PEG ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $129.15.

Expeditors International of Washington Company 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.