Caisse DE Depot ET Placement DU Quebec Sells 198,808 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its holdings in Expeditors International of Washington by 79.2%, selling 198,808 shares and now owning 52,196 shares worth approximately $6.3 million.
• Several other institutional investors have adjusted their positions, with hedge funds owning 94.02% of the company, indicating significant institutional interest despite recent changes.
• Expeditors stock has shown a relatively stable performance, currently priced at $121.26 with a 50-day moving average of $116.88, and analysts are providing mixed ratings, with a consensus rating of "Reduce."

Caisse DE Depot ET Placement DU Quebec decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 79.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,196 shares of the transportation company's stock after selling 198,808 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Expeditors International of Washington were worth $6,277,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. NDVR Inc. lifted its position in shares of Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after buying an additional 99 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in Expeditors International of Washington by 6.6% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after buying an additional 103 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Expeditors International of Washington by 11.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after buying an additional 109 shares in the last quarter. Greenleaf Trust grew its stake in Expeditors International of Washington by 2.5% in the 1st quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after buying an additional 112 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Expeditors International of Washington by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock valued at $426,000 after buying an additional 115 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares of the company's stock, valued at approximately $903,200.55. The trade was a 16.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Down 0.3%

Shares of NASDAQ EXPD traded down $0.31 during mid-day trading on Tuesday, reaching $120.23. 728,084 shares of the company were exchanged, compared to its average volume of 1,358,450. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The stock has a market capitalization of $16.32 billion, a PE ratio of 21.00, a PEG ratio of 5.00 and a beta of 1.06. The company's 50 day moving average price is $117.14 and its 200 day moving average price is $114.90.

Analyst Ratings Changes

A number of research firms recently weighed in on EXPD. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their price target for the company from $117.00 to $118.00 in a report on Friday, July 11th. UBS Group raised their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $114.22.

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.