National Bank of Canada FI Lowers Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

National Bank of Canada FI reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,393 shares of the transportation company's stock after selling 4,799 shares during the quarter. National Bank of Canada FI owned about 0.06% of Expeditors International of Washington worth $8,686,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXPD. First Eagle Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after buying an additional 987,233 shares during the last quarter. Boston Partners grew its stake in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares during the last quarter. Marshfield Associates raised its stake in shares of Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company's stock worth $238,889,000 after purchasing an additional 6,878 shares during the last quarter. Amundi raised its stake in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company's stock worth $163,653,000 after purchasing an additional 8,101 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Expeditors International of Washington by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company's stock valued at $139,484,000 after buying an additional 98,197 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, 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 link. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXPD. Bank of America lowered their target price 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. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial assumed coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a "hold" rating and a $110.00 price target on the stock. Susquehanna boosted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut their price target 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $115.90.

Expeditors International of Washington Stock Performance

EXPD stock traded down $2.68 on Thursday, reaching $107.26. The company had a trading volume of 370,331 shares, compared to its average volume of 1,268,683. The company's fifty day moving average is $115.41 and its 200 day moving average is $117.08. The company has a market cap of $14.78 billion, a P/E ratio of 18.78, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

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.