Northern Trust Corp Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Northern Trust Corp grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,288,437 shares of the transportation company's stock after buying an additional 376,689 shares during the quarter. Northern Trust Corp owned 1.63% of Expeditors International of Washington worth $253,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Eagle Investment Management LLC increased its stake in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $107,863,000. Boston Partners lifted its holdings in Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after buying an additional 869,637 shares in the last quarter. First Trust Advisors LP boosted its position in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after buying an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth $55,036,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Truist Financial decreased their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Finally, Bank of America decreased their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $115.40.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $2.96 during mid-day trading on Friday, reaching $112.57. 987,486 shares of the company were exchanged, compared to its average volume of 1,265,884. The firm's 50-day simple moving average is $113.64 and its two-hundred day simple moving average is $115.24. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a market cap of $15.51 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.

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.