Intact Investment Management Inc. Takes $66,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Intact Investment Management Inc. acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 600 shares of the transportation company’s stock, valued at approximately $66,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Aigen Investment Management LP bought a new position in shares of Expeditors International of Washington during the third quarter valued at about $304,000. Victory Capital Management Inc. increased its position in shares of Expeditors International of Washington by 1.7% during the third quarter. Victory Capital Management Inc. now owns 316,736 shares of the transportation company’s stock valued at $41,619,000 after buying an additional 5,438 shares during the period. MQS Management LLC purchased a new position in shares of Expeditors International of Washington during the third quarter valued at about $231,000. KBC Group NV increased its position in shares of Expeditors International of Washington by 3.5% during the third quarter. KBC Group NV now owns 36,267 shares of the transportation company’s stock valued at $4,765,000 after buying an additional 1,225 shares during the period. Finally, Huntington National Bank increased its position in shares of Expeditors International of Washington by 7.4% during the third quarter. Huntington National Bank now owns 1,835 shares of the transportation company’s stock valued at $241,000 after buying an additional 127 shares during the period. 94.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group reduced 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 research report on Wednesday, February 19th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Stifel Nicolaus reduced their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Finally, Susquehanna upped their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Four investment 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, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $115.90.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the 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 sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 1.0 %

NASDAQ:EXPD opened at $115.29 on Friday. The company’s 50 day moving average price is $114.45 and its 200-day moving average price is $118.19. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 5.00 and a beta of 1.00.

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.