Bank of Montreal Can Acquires 16,210 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of Montreal Can increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,875 shares of the transportation company's stock after purchasing an additional 16,210 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of Expeditors International of Washington worth $16,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $39,000. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington during the 3rd quarter worth $57,000. Aster Capital Management DIFC Ltd bought a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $52,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Expeditors International of Washington by 41.0% in the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company's stock valued at $54,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Susquehanna raised their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Stifel Nicolaus cut their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, January 23rd. Finally, UBS Group reduced their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and a consensus target price of $115.90.

Expeditors International of Washington Price Performance

EXPD stock traded up $1.19 during trading hours on Thursday, reaching $106.67. The stock had a trading volume of 1,288,232 shares, compared to its average volume of 1,280,021. The stock has a market capitalization of $14.69 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The stock has a 50-day simple moving average of $115.21 and a 200 day simple moving average of $116.51. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.69% of the company's stock.

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.