Northern Trust Corp Reduces Stock Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Northern Trust Corp reduced its holdings in Expeditors International by 0.5%, now owning approximately 2.28 million shares valued at about $273.8 million.
• Several investors increased their positions in Expeditors International, with NDVR Inc. growing its stake by 5.8% during the fourth quarter.
• Expeditors International has received mixed analyst ratings, with a consensus target price of $114.22 and a recommendation that skews towards "Reduce."

Northern Trust Corp reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,277,274 shares of the transportation company's stock after selling 11,163 shares during the period. Northern Trust Corp owned 1.65% of Expeditors International of Washington worth $273,842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth about $26,000. Coppell Advisory Solutions LLC bought a new position in Expeditors International of Washington in the 4th quarter valued at approximately $25,000. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington in the 1st quarter valued at approximately $30,000. Garde Capital Inc. acquired a new position in Expeditors International of Washington in the 1st quarter valued at approximately $37,000. Finally, Colonial Trust Co SC lifted its holdings in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after buying an additional 130 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $118.05, for a total value of $173,533.50. Following the sale, the vice president owned 7,651 shares of the company's stock, valued at $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD stock traded up $0.16 during mid-day trading on Monday, hitting $120.18. The company had a trading volume of 542,038 shares, compared to its average volume of 1,359,729. The firm has a market cap of $16.31 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock's fifty day moving average price is $116.26 and its two-hundred day moving average price is $114.53.

Analyst Ratings Changes

EXPD has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. 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 report on Wednesday, May 7th. UBS Group lifted their price objective 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. Finally, TD Cowen reduced their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington has an average rating of "Reduce" and an average target price 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.