Sienna Gestion Decreases Position in Expeditors International of Washington, Inc. $EXPD

Sienna Gestion decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 67,814 shares of the transportation company’s stock after selling 11,401 shares during the period. Sienna Gestion owned about 0.05% of Expeditors International of Washington worth $7,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P grew its stake in Expeditors International of Washington by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock valued at $656,363,000 after acquiring an additional 83,366 shares during the last quarter. First Trust Advisors LP grew its position in shares of Expeditors International of Washington by 19.3% in the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after purchasing an additional 335,578 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Expeditors International of Washington by 5.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock worth $221,339,000 after purchasing an additional 92,222 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Expeditors International of Washington by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,451,363 shares of the transportation company’s stock worth $177,923,000 after purchasing an additional 37,390 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Expeditors International of Washington by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,112,648 shares of the transportation company’s stock worth $136,403,000 after purchasing an additional 91,759 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $146.66 on Monday. The company has a 50 day moving average price of $154.94 and a two-hundred day moving average price of $139.67. The stock has a market capitalization of $19.58 billion, a P/E ratio of 25.64, a PEG ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. Barclays boosted their price target on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Truist Financial reduced their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley increased their price objective on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus target price of $134.30.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.