Marshfield Associates Acquires 14,127 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Marshfield Associates increased its position in Expeditors International by 0.8%, holding 1,841,746 shares, which accounts for 4.8% of the fund's portfolio.
• The stock performance reveals a market capitalization of $16.35 billion and a current trading range between a one-year low of $100.47 and a high of $131.59.
• Analysts have varying takes on the stock, with seven offering a "Hold" rating and five providing a "Sell" rating, suggesting mixed market sentiment.

Marshfield Associates raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,841,746 shares of the transportation company's stock after buying an additional 14,127 shares during the period. Expeditors International of Washington accounts for 4.8% of Marshfield Associates' holdings, making the stock its 11th largest holding. Marshfield Associates owned approximately 1.34% of Expeditors International of Washington worth $221,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington in the first quarter valued at approximately $26,000. Zions Bancorporation National Association UT bought a new stake in Expeditors International of Washington during the first quarter valued at $30,000. Garde Capital Inc. acquired a new position in shares of Expeditors International of Washington during the first quarter valued at about $37,000. Colonial Trust Co SC raised its holdings in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 1.0%

Shares of Expeditors International of Washington stock traded up $1.18 on Thursday, hitting $121.58. 755,567 shares of the company traded hands, compared to its average volume of 1,357,429. The firm's 50-day simple moving average is $117.43 and its 200 day simple moving average is $114.98. The company has a market cap of $16.50 billion, a P/E ratio of 21.25, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the 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 transaction, the vice president owned 7,651 shares of the company's stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EXPD. TD Cowen lowered their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Truist Financial upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. UBS Group raised their price objective on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Finally, Robert W. Baird assumed 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 objective for the company. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $114.22.

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.