Harfst & Associates Inc. Sells 296 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Harfst & Associates Inc. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,385 shares of the transportation company’s stock after selling 296 shares during the quarter. Harfst & Associates Inc.’s holdings in Expeditors International of Washington were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Expeditors International of Washington by 12.0% during the 3rd 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 acquiring an additional 257,791 shares during the period. Marshfield Associates boosted its holdings in shares of Expeditors International of Washington by 0.4% in the third 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 during the period. Principal Financial Group Inc. grew its position in shares of Expeditors International of Washington by 8.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after purchasing an additional 98,197 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Expeditors International of Washington by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock valued at $108,997,000 after purchasing an additional 53,738 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $109,536,000 after purchasing an additional 51,265 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXPD. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Stifel Nicolaus reduced their target price on 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. UBS Group reduced their target price on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. TD Cowen lifted their target price on 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 reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $116.56.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s 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 sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Paul Carlile sold 3,000 shares of the business’s 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 $1,170,164.82. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Expeditors International of Washington Trading Down 0.8 %

Shares of NASDAQ EXPD opened at $117.48 on Thursday. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 5.00 and a beta of 0.98. The business has a 50-day moving average of $112.63 and a 200-day moving average of $118.39.

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.