Vestcor Inc Sells 2,262 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Vestcor Inc lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,784 shares of the transportation company’s stock after selling 2,262 shares during the quarter. Vestcor Inc’s holdings in Expeditors International of Washington were worth $6,290,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Jupiter Asset Management Ltd. raised its holdings in shares of Expeditors International of Washington by 11.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 445,457 shares of the transportation company’s stock valued at $49,343,000 after purchasing an additional 45,696 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Expeditors International of Washington by 1.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock valued at $824,000 after purchasing an additional 125 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Expeditors International of Washington by 10.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,031 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 287 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Expeditors International of Washington by 7.2% in the 4th quarter. HighTower Advisors LLC now owns 77,466 shares of the transportation company’s stock valued at $8,581,000 after purchasing an additional 5,178 shares in the last quarter. Finally, AGF Management Ltd. bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $2,358,000. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target 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. Stifel Nicolaus cut 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 report on Thursday, January 23rd. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, Susquehanna lifted their price target 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 analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.56.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.4 %

Shares of NASDAQ EXPD opened at $117.03 on Thursday. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The company has a 50 day simple moving average of $114.24 and a two-hundred day simple moving average of $118.29.

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.