Expeditors International of Washington, Inc. $EXPD Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Expeditors International by 15.9%, owning 21,272 shares valued at approximately $2.56 million after an additional purchase of 2,922 shares.
• Insider activity included VP Jeffrey F. Dickerman selling 1,470 shares, resulting in a 16.12% decrease in his ownership of the company stock.
• Expeditors International's stock is currently trading with a market capitalization of $16.42 billion and has a consensus rating of "Reduce" from analysts, with a price target of $114.22.

Federation des caisses Desjardins du Quebec boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 15.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,272 shares of the transportation company's stock after acquiring an additional 2,922 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Expeditors International of Washington were worth $2,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. NDVR Inc. raised its stake in Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after acquiring an additional 99 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after purchasing an additional 103 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Expeditors International of Washington by 11.2% in the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after purchasing an additional 109 shares during the period. Greenleaf Trust raised its stake in shares of Expeditors International of Washington by 2.5% in the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after purchasing an additional 112 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Expeditors International of Washington by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock worth $426,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 1.7%

EXPD traded up $2.07 on Thursday, reaching $123.41. The stock had a trading volume of 1,056,579 shares, compared to its average volume of 1,354,480. The business's 50-day moving average price is $118.06 and its two-hundred day moving average price is $115.20. The company has a market cap of $16.75 billion, a P/E ratio of 21.57, a price-to-earnings-growth 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 Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the transaction, the vice president owned 7,651 shares of the company's stock, valued at approximately $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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 on the stock. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Thursday. Finally, Truist Financial lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Reduce" and a consensus price target of $114.78.

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.