Legato Capital Management LLC Lowers Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Legato Capital Management LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,257 shares of the transportation company’s stock after selling 4,050 shares during the quarter. Legato Capital Management LLC’s holdings in Expeditors International of Washington were worth $1,468,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after buying an additional 257,791 shares during the period. Marshfield Associates boosted its stake in shares of Expeditors International of Washington by 0.4% during the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after acquiring an additional 6,878 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Expeditors International of Washington by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock valued at $152,559,000 after acquiring an additional 4,044 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after acquiring an additional 51,265 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Expeditors International of Washington by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company’s stock valued at $101,756,000 after purchasing an additional 9,007 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 1.2 %

Shares of NASDAQ EXPD opened at $111.01 on Thursday. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The firm has a 50-day simple moving average of $113.18 and a 200-day simple moving average of $118.78.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EXPD shares. StockNews.com upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Stifel Nicolaus cut their price target 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. TD Cowen increased their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, Bank of America cut their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $117.44.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by 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.