Boston Partners Purchases 869,637 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Boston Partners boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,797,712 shares of the transportation company's stock after buying an additional 869,637 shares during the quarter. Boston Partners owned approximately 2.71% of Expeditors International of Washington worth $420,693,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Manchester Capital Management LLC grew its position in Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC grew its position in Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after purchasing an additional 112 shares during the period. OLD National Bancorp IN grew its position in Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after purchasing an additional 113 shares during the period. Lindenwold Advisors INC grew its position in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock valued at $2,196,000 after purchasing an additional 114 shares during the period. Finally, Guardian Wealth Advisors LLC grew its position in Expeditors International of Washington by 5.9% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company's stock valued at $269,000 after purchasing an additional 115 shares during the period. Institutional investors own 94.02% of the company's stock.

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Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction dated 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 directly owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

EXPD has been the subject of several research reports. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They issued a "hold" rating and a $110.00 price target for the company. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Finally, Bank of America cut their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $115.90.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded up $0.52 during mid-day trading on Friday, reaching $116.19. 3,645,503 shares of the company's stock were exchanged, compared to its average volume of 1,175,742. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The firm has a 50-day moving average price of $114.97 and a two-hundred day moving average price of $118.00.

Expeditors International of Washington Company Profile

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.