Bank of Montreal Can Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bank of Montreal Can raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.9% during the 4th quarter, HoldingsChannel reports. The fund owned 151,875 shares of the transportation company’s stock after acquiring an additional 16,210 shares during the quarter. Bank of Montreal Can’s holdings in Expeditors International of Washington were worth $16,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of EXPD. Federated Hermes Inc. lifted its position in Expeditors International of Washington by 60.9% during the fourth quarter. Federated Hermes Inc. now owns 9,082 shares of the transportation company’s stock valued at $1,006,000 after purchasing an additional 3,437 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $52,000. Nutshell Asset Management Ltd bought a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $2,670,000. Wedbush Securities Inc. boosted its holdings in Expeditors International of Washington by 1.1% in the 4th quarter. Wedbush Securities Inc. now owns 22,925 shares of the transportation company’s stock worth $2,539,000 after buying an additional 250 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Expeditors International of Washington by 3.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 864,386 shares of the transportation company’s stock worth $95,748,000 after purchasing an additional 30,484 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Bank of America reduced their price target 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. Stifel Nicolaus dropped their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Truist Financial began coverage on shares of 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. Finally, UBS Group cut their price target 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 nine have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.90.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The shares were 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 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 the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Up 1.7 %

NASDAQ:EXPD opened at $110.13 on Friday. The firm has a fifty day simple moving average of $115.31 and a 200-day simple moving average of $116.82. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The company has a market capitalization of $15.17 billion, a P/E ratio of 19.25, a PEG ratio of 5.00 and a beta of 1.03.

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.