Candriam S.C.A. Sells 890 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Candriam S.C.A. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,872 shares of the transportation company’s stock after selling 890 shares during the period. Candriam S.C.A.’s holdings in Expeditors International of Washington were worth $3,420,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC boosted 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 last quarter. Chapman Investment Management LLC increased its holdings in Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after buying an additional 112 shares during the last quarter. OLD National Bancorp IN increased its holdings in Expeditors International of Washington by 5.3% during the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock worth $247,000 after buying an additional 113 shares during the last quarter. Lindenwold Advisors INC increased its holdings in Expeditors International of Washington by 0.7% during 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 increased 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 buying an additional 115 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Price Performance

EXPD stock opened at $126.64 on Friday. The company has a fifty day moving average price of $113.76 and a two-hundred day moving average price of $118.37. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXPD. Susquehanna boosted their target price 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. Bank of America lowered their target price 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. JPMorgan Chase & Co. lowered their target price 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. 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 report on Wednesday, February 19th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $116.56.

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.