United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,800 shares of the transportation company’s stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EXPD. Citigroup Inc. increased its holdings in shares of Expeditors International of Washington by 13.1% during the third quarter. Citigroup Inc. now owns 182,462 shares of the transportation company’s stock valued at $23,976,000 after acquiring an additional 21,188 shares in the last quarter. Cerity Partners LLC increased its stake in Expeditors International of Washington by 20.2% during the 3rd quarter. Cerity Partners LLC now owns 77,926 shares of the transportation company’s stock valued at $10,239,000 after purchasing an additional 13,120 shares in the last quarter. Swedbank AB raised its holdings in Expeditors International of Washington by 1.1% during the third quarter. Swedbank AB now owns 21,910 shares of the transportation company’s stock worth $2,879,000 after buying an additional 231 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Expeditors International of Washington by 11.1% in the third quarter. Daiwa Securities Group Inc. now owns 17,285 shares of the transportation company’s stock valued at $2,271,000 after buying an additional 1,731 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Expeditors International of Washington by 0.7% during the third quarter. Bank of Montreal Can now owns 135,665 shares of the transportation company’s stock valued at $17,491,000 after buying an additional 956 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EXPD shares. Bank of America dropped their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. cut 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 increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Stifel Nicolaus reduced their target price on shares of 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, Truist Financial initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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 the 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 transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Stock Up 0.7 %

Expeditors International of Washington stock opened at $119.12 on Thursday. The company has a market capitalization of $16.44 billion, a P/E ratio of 20.82, a P/E/G ratio of 5.00 and a beta of 1.00. The firm has a 50 day moving average price of $115.41 and a 200-day moving average price of $117.87. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

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.