Sepio Capital LP Sells 731 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sepio Capital LP reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,315 shares of the transportation company’s stock after selling 731 shares during the period. Sepio Capital LP’s holdings in Expeditors International of Washington were worth $1,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its position in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after buying an additional 987,233 shares in the last quarter. Norges Bank purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $107,863,000. Boston Partners lifted its holdings in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after acquiring an additional 869,637 shares during the period. Madison Investment Advisors LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth $55,036,000. Finally, Raymond James Financial Inc. bought a new position in Expeditors International of Washington in the 4th quarter valued at $36,865,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EXPD shares. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America reduced their target price 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. UBS Group lowered their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Susquehanna upped their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $115.90.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $109.00 on Monday. The firm has a market capitalization of $15.02 billion, a P/E ratio of 19.06, a PEG ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a one year low of $107.17 and a one year high of $131.59. The business has a fifty day moving average price of $116.22 and a 200-day moving average price of $117.63.

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.