Mutual of America Capital Management LLC has decreased its investment in Expeditors International of Washington, Inc. by 572 shares, representing a reduction of 3.5% during the second quarter of 2023. As per a recent filing with the U.S. Securities and Exchange Commission (SEC), the institutional investor now holds a total of 15,709 shares of the logistics company, valued at approximately $1,795,000.
Several other significant investors have also adjusted their positions in Expeditors International. For instance, Zions Bancorporation National Association acquired a new stake in the company during the first quarter, amounting to about $30,000. Similarly, Ransom Advisory Ltd and Twin Tree Management LP invested around $41,000 and $42,000, respectively, in the same period. Carderock Capital Management Inc. and eCIO Inc. also entered the market, with new stakes valued at approximately $46,000 and $53,000 during the first quarter.
Currently, institutional investors own about 94.02% of Expeditors International’s stock.
Insider Transactions and Stock Performance
In another development, Vice President Jeffrey F. Dickerman sold 1,470 shares of the company’s stock on August 7, 2023. The shares were sold at an average price of $118.05, amounting to a total transaction of $173,533.50. Following this sale, Dickerman holds 7,651 shares valued at approximately $903,200.55, reflecting a 16.12% decrease in his position. This transaction has been duly reported in a legal filing with the SEC.
Corporate insiders collectively own about 0.69% of Expeditors International’s stock.
On the trading front, shares of Expeditors International opened at $117.73 on the NASDAQ on August 7, 2023, marking a 0.6% decline. The company’s stock has a 50-day moving average of $120.72 and a 200-day moving average of $116.04. Expeditors International holds a market capitalization of approximately $15.98 billion, with a price-to-earnings (PE) ratio of 20.58 and a price-to-earnings-growth (PEG) ratio of 5.00. The stock has fluctuated within a 12-month range, hitting a low of $100.47 and a high of $129.15.
About Expeditors International of Washington
Expeditors International of Washington, Inc., along with its subsidiaries, provides a wide range of logistics services globally. These include airfreight services such as consolidation and forwarding, ocean freight solutions, customs brokerage, and ground transportation. The company also offers extensive warehousing and distribution services, alongside specialized supply chain solutions including temperature-controlled transit and cargo insurance.
For those interested in the latest investment activities surrounding Expeditors International, detailed insights can be found on financial platforms that track hedge fund movements and insider trades.
