ICW Investment Advisors LLC Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ICW Investment Advisors LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,256 shares of the transportation company’s stock after selling 222 shares during the quarter. ICW Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $1,579,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new position in Expeditors International of Washington during the 4th quarter worth approximately $1,174,000. Fox Run Management L.L.C. lifted its position in Expeditors International of Washington by 14.7% during the 4th quarter. Fox Run Management L.L.C. now owns 11,358 shares of the transportation company’s stock worth $1,258,000 after acquiring an additional 1,456 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Expeditors International of Washington during the 4th quarter worth approximately $14,910,000. Mizuho Securities USA LLC lifted its position in Expeditors International of Washington by 45.0% during the 4th quarter. Mizuho Securities USA LLC now owns 13,267 shares of the transportation company’s stock worth $1,470,000 after acquiring an additional 4,116 shares during the period. Finally, Quantbot Technologies LP lifted its position in Expeditors International of Washington by 379.2% during the 4th quarter. Quantbot Technologies LP now owns 45,546 shares of the transportation company’s stock worth $5,045,000 after acquiring an additional 36,042 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $116.19 on Monday. The stock has a fifty day moving average price of $114.97 and a 200 day moving average price of $117.92. The stock has a market cap of $16.04 billion, a PE ratio of 20.31, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. UBS Group decreased their price objective on 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. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial assumed coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target for the company. Finally, Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.90.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.69% of the stock is currently owned by insiders.

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.