Cerity Partners LLC Trims Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cerity Partners LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,605 shares of the transportation company's stock after selling 4,321 shares during the period. Cerity Partners LLC owned approximately 0.05% of Expeditors International of Washington worth $8,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Expeditors International of Washington by 60.9% during the 4th quarter. Federated Hermes Inc. now owns 9,082 shares of the transportation company's stock worth $1,006,000 after purchasing an additional 3,437 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $52,000. Nutshell Asset Management Ltd bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $2,670,000. Wedbush Securities Inc. grew its stake in Expeditors International of Washington by 1.1% during the fourth quarter. Wedbush Securities Inc. now owns 22,925 shares of the transportation company's stock valued at $2,539,000 after acquiring an additional 250 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Expeditors International of Washington by 3.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 864,386 shares of the transportation company's stock valued at $95,748,000 after acquiring an additional 30,484 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded down $2.16 during trading on Wednesday, hitting $107.87. 309,017 shares of the company's stock traded hands, compared to its average volume of 1,437,221. The firm has a market cap of $14.86 billion, a P/E ratio of 18.86, a PEG ratio of 5.00 and a beta of 1.03. The stock has a fifty day moving average of $115.30 and a two-hundred day moving average of $116.58. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Analyst Upgrades and Downgrades

Several research analysts have commented on EXPD shares. UBS Group cut their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Susquehanna upped their target price on 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. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. Finally, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $115.90.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company's stock, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.69% of the stock is currently owned by company insiders.

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.