Anchor Capital Advisors LLC Trims Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Anchor Capital Advisors LLC reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,826 shares of the transportation company’s stock after selling 11,622 shares during the period. Anchor Capital Advisors LLC owned about 0.26% of Expeditors International of Washington worth $39,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Manchester Capital Management LLC lifted its position in Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC raised its stake in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after buying an additional 112 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after buying an additional 113 shares during the period. Lindenwold Advisors INC boosted its stake in shares of Expeditors International of Washington by 0.7% in the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock worth $2,196,000 after buying an additional 114 shares during the last quarter. Finally, Guardian Wealth Advisors LLC grew its holdings in Expeditors International of Washington by 5.9% during the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock worth $269,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXPD. TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Bank of America lowered 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 cut 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 report on Thursday, January 23rd. Finally, UBS Group lowered their target price on shares of 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 research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $116.56.

Expeditors International of Washington Stock Down 0.5 %

EXPD opened at $116.77 on Friday. The company has a market cap of $16.35 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 5.00 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The company has a 50-day moving average price of $112.71 and a 200 day moving average price of $118.37.

Expeditors International of Washington 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.