Cerity Partners LLC Has $8.52 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cerity Partners LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 73,605 shares of the transportation company’s stock after selling 4,321 shares during the period. Cerity Partners LLC’s holdings in Expeditors International of Washington were worth $8,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Manchester Capital Management LLC increased its stake in 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 acquiring an additional 103 shares during the period. Chapman Investment Management LLC increased its position in shares of 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 raised 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. Whittier Trust Co. of Nevada Inc. lifted its position in Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock worth $86,000 after purchasing an additional 114 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Expeditors International of Washington by 1.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock worth $824,000 after buying an additional 125 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 1.5 %

NASDAQ EXPD opened at $108.25 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The business’s fifty day moving average is $115.36 and its 200 day moving average is $116.94. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They issued a “hold” rating and a $110.00 target price for the company. UBS Group lowered their price objective on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.