Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.7% during the third quarter, Holdings Channel.com reports. The fund owned 55,433 shares of the transportation company’s stock after selling 4,007 shares during the period. River Road Asset Management LLC’s holdings in Expeditors International of Washington were worth $7,284,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of EXPD. Crewe Advisors LLC acquired a new stake in Expeditors International of Washington in the 1st quarter worth about $25,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter worth about $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington in the 2nd quarter worth about $35,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter worth about $52,000. Finally, ORG Partners LLC boosted its holdings in Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after buying an additional 376 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXPD. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Bank of America boosted their target price 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 cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, TD Cowen cut Expeditors International of Washington from a “hold” rating to a “sell” rating and lowered their target price for the stock from $112.00 to $106.00 in a report on Monday, October 14th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.33.

Expeditors International of Washington Stock Performance

EXPD stock opened at $121.91 on Wednesday. The firm has a market cap of $17.21 billion, a PE ratio of 26.16, a PEG ratio of 5.03 and a beta of 0.98. The firm’s 50 day moving average price is $122.57 and its 200-day moving average price is $121.24. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 EPS. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.04 EPS for the current fiscal year.

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.