Expeditors International of Washington's (EXPD) "Hold" Rating Reaffirmed at Benchmark

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report)'s stock had its "hold" rating restated by research analysts at Benchmark in a note issued to investors on Wednesday,Benzinga reports.

Other analysts have also recently issued reports about the company. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. TD Cowen lifted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, January 23rd. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Finally, Bank of America cut their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $116.56.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $0.82 during mid-day trading on Wednesday, reaching $116.44. 2,753,509 shares of the company's stock traded hands, compared to its average volume of 1,063,750. Expeditors International of Washington has a 12-month low of $108.36 and a 12-month high of $131.59. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.07 and a beta of 0.98. The company has a 50 day moving average price of $112.58 and a 200-day moving average price of $118.43.

Insider Transactions at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.69% of the company's stock.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NDVR Inc. lifted its position in Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after acquiring an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its position in Expeditors International of Washington by 4.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after acquiring an additional 100 shares in the last quarter. Manchester Capital Management LLC lifted 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 acquiring an additional 103 shares in the last quarter. Chapman Investment Management LLC lifted 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 acquiring an additional 112 shares in the last quarter. Finally, OLD National Bancorp IN lifted 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 acquiring an additional 113 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

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.