PNC Financial Services Group Inc. Lowers Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

PNC Financial Services Group Inc. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,075 shares of the transportation company’s stock after selling 4,385 shares during the period. PNC Financial Services Group Inc.’s holdings in Expeditors International of Washington were worth $6,433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Machina Capital S.A.S. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $248,000. Edgestream Partners L.P. boosted its holdings in Expeditors International of Washington by 576.4% in the fourth quarter. Edgestream Partners L.P. now owns 47,857 shares of the transportation company’s stock valued at $5,301,000 after acquiring an additional 40,782 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Expeditors International of Washington in the fourth quarter valued at $36,865,000. Arizona State Retirement System boosted its holdings in Expeditors International of Washington by 1.3% in the fourth quarter. Arizona State Retirement System now owns 40,991 shares of the transportation company’s stock valued at $4,541,000 after acquiring an additional 523 shares during the last quarter. Finally, Sound Financial Strategies Group LLC boosted its holdings in Expeditors International of Washington by 15.6% in the fourth quarter. Sound Financial Strategies Group LLC now owns 7,238 shares of the transportation company’s stock valued at $802,000 after acquiring an additional 979 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.4 %

Shares of Expeditors International of Washington stock opened at $117.03 on Thursday. The firm has a market cap of $16.15 billion, a P/E ratio of 20.46, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The business has a 50-day moving average price of $114.24 and a 200 day moving average price of $118.29.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Bank of America reduced their target price on 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. Susquehanna boosted their price objective on 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. JPMorgan Chase & Co. reduced their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, UBS Group reduced their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.56.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s 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 completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is 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.