Mutual of America Capital Management LLC has reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 3.5% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor now owns 15,709 shares after selling 572 shares. The total value of Mutual of America’s holdings in Expeditors International was approximately $1.8 million at the end of the reporting period.
This adjustment in ownership comes amidst a backdrop of shifting investments in the logistics sector. Other institutional investors have also made moves regarding their stakes in Expeditors International. For instance, Zions Bancorporation National Association UT acquired a new stake in the company valued at around $30,000 during the first quarter. Similarly, Ransom Advisory Ltd and Twin Tree Management LP bought new stakes worth $41,000 and $42,000, respectively, in the same timeframe. In the second quarter, Carderock Capital Management Inc. invested approximately $46,000, while eCIO Inc. also entered with a stake valued at about $53,000. Currently, institutional investors own 94.02% of Expeditors International’s stock.
Insider Transactions and Stock Performance
In a separate development, Vice President Jeffrey F. Dickerman sold 1,470 shares of the company on August 7, 2023, at an average price of $118.05, totaling $173,533.50. Following this transaction, Dickerman’s direct ownership decreased to 7,651 shares valued at approximately $903,200.55, marking a 16.12% reduction in his position. This information was disclosed in a filing with the SEC.
As of the most recent trading session, shares of Expeditors International, listed on NASDAQ as EXPD, opened at $117.73. The stock has experienced a slight decline of 0.6% recently. The company maintains a market capitalization of about $15.98 billion, a price-to-earnings (P/E) ratio of 20.58, and a price-to-earnings-growth (PEG) ratio of 5.00. Over the past year, EXPD has ranged between a low of $100.47 and a high of $129.15.
About Expeditors International of Washington
Expeditors International of Washington, Inc. provides a wide array of logistics services globally, including airfreight and ocean freight services. The company offers air freight consolidation, forwarding, customs brokerage, and delivery services, as well as specialized supply chain solutions like temperature-controlled transit and cargo insurance.
For those interested in tracking further developments, the latest filings and insider trades can be accessed through resources such as HoldingsChannel.com. Additionally, MarketBeat.com offers a daily summary of news and analysts’ ratings for Expeditors International and related companies.
