Sienna Gestion Cuts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sienna Gestion lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 29.7% in the second quarter, Holdings Channel reports. The firm owned 62,464 shares of the transportation company’s stock after selling 26,440 shares during the period. Sienna Gestion’s holdings in Expeditors International of Washington were worth $7,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPD. Crewe Advisors LLC purchased a new stake in Expeditors International of Washington during the first quarter worth approximately $25,000. Optiver Holding B.V. purchased a new stake in Expeditors International of Washington during the 4th quarter worth $27,000. Innealta Capital LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington in the second quarter valued at about $35,000. Finally, ORG Partners LLC lifted its stake in shares of Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EXPD shares. Stifel Nicolaus increased their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. UBS Group upgraded shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird upped their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.00.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $123.33 on Thursday. The firm has a market cap of $17.42 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. Expeditors International of Washington, Inc. has a 1 year low of $107.03 and a 1 year high of $131.17. The firm’s 50-day simple moving average is $121.83 and its 200-day simple moving average is $120.41.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.01 earnings per share for the current 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.