Harfst & Associates Inc. Has $1.23 Million Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Harfst & Associates Inc. reduced its stake in Expeditors International by 52.3%, holding 10,207 shares worth approximately $1.23 million after selling 11,178 shares in the first quarter.
• Several institutional investors have increased their positions in the company, with notable increases such as First Trust Advisors LP growing by 33.8% and GAMMA Investing LLC by an astounding 13,910.4% in the first quarter.
• The current consensus rating for Expeditors International is "Hold," with a target price of $114.22, reflecting mixed sentiments from analysts who have issued both sell and hold ratings.

Harfst & Associates Inc. lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 52.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,207 shares of the transportation company's stock after selling 11,178 shares during the period. Harfst & Associates Inc.'s holdings in Expeditors International of Washington were worth $1,227,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Expeditors International of Washington by 53.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after acquiring an additional 56,008 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Expeditors International of Washington by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock worth $1,971,000 after purchasing an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock worth $667,000 after acquiring an additional 834 shares in the last quarter. Brown Advisory Inc. increased its position in Expeditors International of Washington by 2.4% during the first quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock worth $1,249,000 after buying an additional 246 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in shares of Expeditors International of Washington in the 1st quarter valued at approximately $203,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Up 1.0%

EXPD traded up $1.1890 during midday trading on Tuesday, reaching $121.1990. 225,969 shares of the company's stock were exchanged, compared to its average volume of 1,366,554. The business has a 50-day simple moving average of $115.85 and a two-hundred day simple moving average of $114.30. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction dated 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 transaction, the vice president directly owned 7,651 shares of the company's stock, valued at $903,200.55. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EXPD. Truist Financial raised their target price on shares of 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. Barclays decreased their price target 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. JPMorgan Chase & Co. lifted their price objective on 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. UBS Group boosted their price objective on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their target price for the company from $117.00 to $118.00 in a report on Friday, July 11th. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average 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.