Shell Asset Management Co. cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 17.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,104 shares of the transportation company’s stock after selling 4,949 shares during the quarter. Shell Asset Management Co.’s holdings in Expeditors International of Washington were worth $2,670,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of EXPD. First Eagle Investment Management LLC grew its position in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $107,863,000. Boston Partners boosted its position in Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after acquiring an additional 869,637 shares during the last quarter. First Trust Advisors LP boosted its position in Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after acquiring an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $55,036,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.
Expeditors International of Washington Stock Up 2.7%
Shares of Expeditors International of Washington stock opened at $118.10 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The stock has a market cap of $16.17 billion, a P/E ratio of 20.65, a P/E/G ratio of 5.00 and a beta of 1.09. The business’s 50 day moving average is $112.26 and its 200-day moving average is $114.74.
Expeditors International of Washington Increases Dividend
Analyst Ratings Changes
EXPD has been the subject of a number of recent research reports. TD Cowen reduced their price target on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. UBS Group reduced their price target on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Truist Financial reduced their price target on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Finally, Stifel Nicolaus reduced their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $113.89.
View Our Latest Report on EXPD
Insider Activity at Expeditors International of Washington
In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is owned by company insiders.
About Expeditors International of Washington
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.
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