Federated Hermes Inc. Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Federated Hermes Inc. boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,082 shares of the transportation company's stock after buying an additional 3,437 shares during the period. Federated Hermes Inc.'s holdings in Expeditors International of Washington were worth $1,006,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its position 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 acquiring an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $39,000. Aster Capital Management DIFC Ltd bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $52,000. TD Private Client Wealth LLC lifted its position in 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 worth $54,000 after buying an additional 142 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth $54,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 1.8 %

Shares of NASDAQ:EXPD traded down $1.97 on Monday, reaching $104.73. The company had a trading volume of 1,229,218 shares, compared to its average volume of 1,274,511. The firm has a market capitalization of $14.43 billion, a PE ratio of 18.31, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm's 50 day simple moving average is $114.85 and its 200-day simple moving average is $115.97.

Analysts Set New Price Targets

EXPD has been the subject of a number of recent analyst reports. Susquehanna lifted 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. Truist Financial initiated coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a "hold" rating and a $110.00 price target on the stock. StockNews.com downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. UBS Group lowered their target price on shares of 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and a consensus target price of $115.90.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value 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. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

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.