Pollock Investment Advisors LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,663 shares of the transportation company's stock, valued at approximately $406,000.
Several other institutional investors also recently modified their holdings of the business. Frank Rimerman Advisors LLC boosted its stake in Expeditors International of Washington by 7.3% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,714 shares of the transportation company's stock valued at $633,000 after acquiring an additional 388 shares during the last quarter. First Eagle Investment Management LLC boosted its position in 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 purchasing an additional 987,233 shares during the period. Intact Investment Management Inc. bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $66,000. Madison Investment Advisors LLC bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $55,036,000. Finally, Commonwealth Equity Services LLC grew its stake in Expeditors International of Washington by 2.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,214 shares of the transportation company's stock valued at $2,571,000 after buying an additional 541 shares in the last quarter. 94.02% of the stock is owned by institutional investors.
Expeditors International of Washington Stock Down 0.6 %
Shares of Expeditors International of Washington stock traded down $0.74 during trading on Thursday, hitting $115.66. 1,310,900 shares of the stock traded hands, compared to its average volume of 1,167,747. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 20.22, a PEG 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 firm's fifty day moving average is $114.76 and its 200-day moving average is $118.07.
Insider Activity
In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Susquehanna boosted their price objective on shares of 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. Stifel Nicolaus lowered their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Finally, UBS Group decreased their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $115.90.
Check Out Our Latest Stock Report on EXPD
Expeditors International of Washington Profile
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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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