Ascent Capital Management LLC Purchases New Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Ascent Capital Management LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,884 shares of the transportation company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently bought and sold shares of EXPD. Manchester Capital Management LLC grew its position in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after buying an additional 103 shares during the period. Chapman Investment Management LLC grew its holdings in Expeditors International of Washington by 0.6% in the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after purchasing an additional 112 shares during the period. OLD National Bancorp IN increased its stake in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. Lindenwold Advisors INC raised its holdings in shares of Expeditors International of Washington by 0.7% during the third quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company’s stock valued at $2,196,000 after purchasing an additional 114 shares during the period. Finally, Guardian Wealth Advisors LLC raised its holdings in shares of Expeditors International of Washington by 5.9% during the third quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 115 shares during the period. 94.02% of the stock is owned by institutional investors.

Insider Transactions at Expeditors International of Washington

In other 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 value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $115.29 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The stock’s 50-day simple moving average is $114.45 and its 200 day simple moving average is $118.19. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Bank of America decreased their target price on 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. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. 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, UBS Group dropped their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $115.90.

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.