Keybank National Association OH trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,366 shares of the transportation company’s stock after selling 222 shares during the quarter. Keybank National Association OH’s holdings in Expeditors International of Washington were worth $261,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. First Trust Advisors LP lifted its holdings in shares of Expeditors International of Washington by 517.3% in the fourth quarter. First Trust Advisors LP now owns 2,144,696 shares of the transportation company’s stock worth $222,884,000 after buying an additional 1,797,268 shares in the last quarter. Norges Bank purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $133,106,000. Renaissance Technologies LLC lifted its holdings in shares of Expeditors International of Washington by 1,025.5% in the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock worth $102,192,000 after buying an additional 902,600 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Expeditors International of Washington by 388.0% in the fourth quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock worth $69,644,000 after buying an additional 532,835 shares in the last quarter. Finally, Boston Partners raised its stake in Expeditors International of Washington by 19.3% in the first quarter. Boston Partners now owns 3,044,844 shares of the transportation company’s stock valued at $335,370,000 after purchasing an additional 491,704 shares in the last quarter. 97.65% of the stock is owned by hedge funds and other institutional investors.
Expeditors International of Washington Stock Performance
EXPD stock opened at $114.70 on Thursday. The company has a market capitalization of $16.96 billion, a PE ratio of 17.20 and a beta of 1.00. Expeditors International of Washington, Inc. has a one year low of $86.08 and a one year high of $128.04. The company’s 50 day moving average price is $120.28 and its two-hundred day moving average price is $114.20.
Insider Transactions at Expeditors International of Washington
In other news, CEO Jeffrey S. Musser sold 30,041 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $111.30, for a total value of $3,343,563.30. Following the transaction, the chief executive officer now owns 116,587 shares in the company, valued at $12,976,133.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on EXPD shares. Barclays raised their target price on shares of Expeditors International of Washington from $90.00 to $95.00 in a research note on Wednesday, May 3rd. Stephens raised their target price on shares of Expeditors International of Washington from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 9th. Stifel Nicolaus raised their target price on shares of Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, July 19th. Susquehanna raised their target price on shares of Expeditors International of Washington from $104.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Finally, StockNews.com started coverage on shares of Expeditors International of Washington in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $106.18.
Get Our Latest Analysis on EXPD
Expeditors International of Washington Profile
Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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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