Intech Investment Management LLC Acquires 6,816 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Intech Investment Management LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 168.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,872 shares of the transportation company’s stock after purchasing an additional 6,816 shares during the quarter. Intech Investment Management LLC’s holdings in Expeditors International of Washington were worth $1,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EXPD. Generali Asset Management SPA SGR bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $3,012,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $303,000. Cibc World Markets Corp lifted its position in shares of Expeditors International of Washington by 15.5% in the 4th quarter. Cibc World Markets Corp now owns 22,119 shares of the transportation company’s stock worth $2,450,000 after acquiring an additional 2,972 shares during the period. SlateStone Wealth LLC lifted its position in shares of Expeditors International of Washington by 3.1% in the 4th quarter. SlateStone Wealth LLC now owns 8,340 shares of the transportation company’s stock worth $924,000 after acquiring an additional 250 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Expeditors International of Washington by 30.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,769 shares of the transportation company’s stock worth $528,000 after acquiring an additional 1,126 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EXPD shares. UBS Group reduced their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective for the company. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.90.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $116.19 on Friday. The business has a fifty day moving average price of $114.97 and a 200 day moving average price of $117.97. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00.

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.