Sumitomo Mitsui Trust Group Inc. Sells 5,304 Shares of Expeditors International of Washington, Inc. $EXPD

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,478 shares of the transportation company’s stock after selling 5,304 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Expeditors International of Washington worth $43,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Partners lifted 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 worth $516,385,000 after buying an additional 498,212 shares during the period. Invesco Ltd. raised 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 valued at $365,548,000 after purchasing an additional 576,468 shares during the last quarter. Baird Financial Group Inc. raised its position in Expeditors International of Washington by 4.8% in the 1st quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock valued at $221,874,000 after purchasing an additional 84,556 shares during the last quarter. Marshfield Associates raised its position in Expeditors International of Washington by 0.8% in the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock valued at $221,470,000 after purchasing an additional 14,127 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Expeditors International of Washington by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,359,561 shares of the transportation company’s stock valued at $163,476,000 after purchasing an additional 36,312 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’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 completion of the transaction, the vice president directly owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. The trade was 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 accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Up 1.6%

Shares of Expeditors International of Washington stock opened at $119.66 on Tuesday. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $129.15. The stock has a market cap of $16.24 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business has a fifty day simple moving average of $120.71 and a 200 day simple moving average of $116.15.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. UBS Group lifted their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $118.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, October 10th. Baird R W raised Expeditors International of Washington to a “hold” rating in a research note on Tuesday, July 1st. Bank of America cut 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 note on Friday, July 11th. Finally, Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, June 30th. Seven equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $114.44.

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.