Front Street Capital Management Inc. Sells 12,648 Shares of Expeditors International of Washington, Inc. $EXPD

Key Points

• Front Street Capital Management Inc. has reduced its holdings in Expeditors International of Washington by 45.8%, now owning 14,989 shares worth approximately $1.8 million.
• Several large investors, including Boston Partners and Invesco Ltd., have increased their holdings in Expeditors during the same period, indicating a mixed sentiment among institutional investors.
• Wall Street analysts have provided varying ratings for Expeditors, with a consensus rating of "Reduce" and a price target average of $114.22.

Front Street Capital Management Inc. lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 45.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,989 shares of the transportation company's stock after selling 12,648 shares during the period. Front Street Capital Management Inc.'s holdings in Expeditors International of Washington were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Expeditors International of Washington in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in Expeditors International of Washington in the 1st quarter valued at $30,000. Garde Capital Inc. bought a new stake in Expeditors International of Washington in the 1st quarter valued at $37,000. Colonial Trust Co SC raised its stake in Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares during the period. Finally, Park Square Financial Group LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 0.4%

Shares of EXPD traded up $0.47 during trading hours on Friday, hitting $123.82. 585,456 shares of the company were exchanged, compared to its average volume of 1,349,969. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm's fifty day moving average is $118.06 and its 200 day moving average is $115.20.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the sale, the vice president directly 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. Company insiders own 0.69% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of research reports. Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Thursday. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price objective on the stock. Truist Financial upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. UBS Group upped their price objective on 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, Bank of America lowered Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their price objective for the company from $117.00 to $118.00 in a report on Friday, July 11th. Seven analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Reduce" and a consensus target price of $114.78.

Expeditors International of Washington 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.