Fuller & Thaler Asset Management Inc. Decreases Holdings in Expeditors International of Washington, Inc. $EXPD

Key Points

• Fuller & Thaler Asset Management Inc. significantly reduced its stake in Expeditors International of Washington by 64.1%, selling 9,187 shares and now holding only 5,149 shares valued at $619,000.
• Institutional investors own a substantial 94.02% of Expeditors International's stock, indicating strong backing from the investment community.
• Shares of Expeditors International are experiencing a trading decline, opening at $119.36, with analysts suggesting a cautious outlook reflected in numerous "hold" and "underweight" ratings.

Fuller & Thaler Asset Management Inc. cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 64.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,149 shares of the transportation company's stock after selling 9,187 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Expeditors International of Washington were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EXPD. Mariner LLC lifted its holdings in Expeditors International of Washington by 4.4% during the fourth quarter. Mariner LLC now owns 26,738 shares of the transportation company's stock valued at $2,962,000 after purchasing an additional 1,121 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 2.7% in the fourth quarter. NewEdge Advisors LLC now owns 8,236 shares of the transportation company's stock worth $912,000 after buying an additional 214 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Expeditors International of Washington by 48.3% in the fourth quarter. Forum Financial Management LP now owns 2,419 shares of the transportation company's stock worth $268,000 after buying an additional 788 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Expeditors International of Washington by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,249 shares of the transportation company's stock worth $146,579,000 after buying an additional 23,425 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 38,079 shares of the transportation company's stock worth $4,218,000 after buying an additional 337 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and increased their price target for the stock from $117.00 to $118.00 in a report on Friday, July 11th. TD Cowen lowered their price target 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 increased their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. 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 target on the stock. Finally, UBS Group increased their price target 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. Seven investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $114.22.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of Expeditors International of Washington stock in a transaction that occurred 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 directly owned 7,651 shares of the company's stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Trading Up 0.9%

Shares of EXPD stock traded up $1.03 during trading hours on Tuesday, hitting $121.38. 205,373 shares of the company's stock were exchanged, compared to its average volume of 1,355,931. The company has a market capitalization of $16.47 billion, a PE ratio of 21.19, a PEG 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 business's 50 day simple moving average is $116.37 and its 200-day simple moving average is $114.60.

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.