Intech Investment Management LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 168.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,872 shares of the transportation company's stock after purchasing an additional 6,816 shares during the period. Intech Investment Management LLC's holdings in Expeditors International of Washington were worth $1,204,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its holdings in shares of 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 valued at $26,000 after buying an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Expeditors International of Washington during the third quarter worth approximately $57,000. Intact Investment Management Inc. acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth approximately $66,000. Finally, Asset Dedication LLC grew its stake in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock valued at $72,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 94.02% of the company's stock.
Expeditors International of Washington Trading Up 0.7 %
Shares of Expeditors International of Washington stock traded up $0.80 during trading on Wednesday, reaching $119.12. The stock had a trading volume of 1,855,902 shares, compared to its average volume of 1,179,021. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.82, a P/E/G 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 stock has a fifty day moving average price of $115.26 and a two-hundred day moving average price of $117.87.
Insiders Place Their Bets
In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington 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 owns 7,296 shares of the company's stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.69% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on EXPD. UBS Group lowered their target price on Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Truist Financial assumed coverage on shares of Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 price objective on the stock. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $115.90.
Read Our Latest Stock Report on EXPD
About Expeditors International of Washington
(
Free Report)
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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