Verdence Capital Advisors LLC Sells 209 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Verdence Capital Advisors LLC cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,604 shares of the transportation company’s stock after selling 209 shares during the period. Verdence Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $1,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Financial Strategies Group LLC increased its holdings in shares of Expeditors International of Washington by 15.6% in the fourth quarter. Sound Financial Strategies Group LLC now owns 7,238 shares of the transportation company’s stock worth $802,000 after purchasing an additional 979 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of Expeditors International of Washington by 492.7% in the fourth quarter. Aigen Investment Management LP now owns 13,704 shares of the transportation company’s stock worth $1,518,000 after purchasing an additional 11,392 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $13,008,000. M&T Bank Corp increased its holdings in shares of Expeditors International of Washington by 4.3% in the fourth quarter. M&T Bank Corp now owns 18,096 shares of the transportation company’s stock worth $2,005,000 after purchasing an additional 738 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in shares of Expeditors International of Washington by 4.7% in the fourth quarter. Keybank National Association OH now owns 3,452 shares of the transportation company’s stock worth $382,000 after purchasing an additional 156 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $118.17 on Thursday. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The business has a 50 day simple moving average of $113.12 and a two-hundred day simple moving average of $118.33. The firm has a market capitalization of $16.31 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Bank of America reduced their target price on 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. Stifel Nicolaus reduced their target price on 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. UBS Group reduced their target price on 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. JPMorgan Chase & Co. reduced their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Susquehanna boosted their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $116.56.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, 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 transaction of $363,330.00. Following the completion of the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

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.