AGF Management Ltd. Invests $2.36 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

AGF Management Ltd. bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 21,284 shares of the transportation company’s stock, valued at approximately $2,358,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. River Road Asset Management LLC increased its position in shares of Expeditors International of Washington by 60.2% during the fourth quarter. River Road Asset Management LLC now owns 88,776 shares of the transportation company’s stock worth $9,834,000 after acquiring an additional 33,343 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Expeditors International of Washington by 7.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,592 shares of the transportation company’s stock worth $2,059,000 after acquiring an additional 1,307 shares during the last quarter. AlphaQuest LLC increased its position in shares of Expeditors International of Washington by 15.1% during the fourth quarter. AlphaQuest LLC now owns 10,794 shares of the transportation company’s stock worth $1,196,000 after acquiring an additional 1,420 shares during the last quarter. Amundi increased its position in shares of Expeditors International of Washington by 0.6% during the fourth quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock worth $163,653,000 after acquiring an additional 8,101 shares during the last quarter. Finally, Lifeworks Advisors LLC increased its position in shares of Expeditors International of Washington by 31.2% during the fourth quarter. Lifeworks Advisors LLC now owns 2,878 shares of the transportation company’s stock worth $319,000 after acquiring an additional 685 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 1.0 %

Shares of EXPD stock opened at $115.29 on Friday. The business has a 50 day moving average of $114.45 and a two-hundred day moving average of $118.22. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59. The company has a market cap of $15.91 billion, a P/E ratio of 20.16, a PEG ratio of 5.00 and a beta of 1.00.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXPD shares. JPMorgan Chase & Co. dropped their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Susquehanna lifted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Stifel Nicolaus decreased their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America decreased their price target on 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 and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $115.90.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Company 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.