Leavell Investment Management Inc. Sells 1,000 Shares of Expeditors International of Washington, Inc. $EXPD

Leavell Investment Management Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.1% in the second quarter, Holdings Channel reports. The firm owned 8,000 shares of the transportation company’s stock after selling 1,000 shares during the period. Leavell Investment Management Inc.’s holdings in Expeditors International of Washington were worth $914,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Expeditors International of Washington by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company’s stock worth $507,000 after buying an additional 598 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock valued at $667,000 after acquiring an additional 834 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Expeditors International of Washington by 9.9% in the first quarter. Oppenheimer & Co. Inc. now owns 3,987 shares of the transportation company’s stock worth $479,000 after acquiring an additional 360 shares during the period. Perpetual Ltd grew its holdings in Expeditors International of Washington by 21.8% during the 1st quarter. Perpetual Ltd now owns 5,304 shares of the transportation company’s stock worth $638,000 after acquiring an additional 950 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in Expeditors International of Washington by 1.7% during the 1st quarter. Diversified Trust Co now owns 10,635 shares of the transportation company’s stock worth $1,279,000 after acquiring an additional 180 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXPD. Robert W. Baird began coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price objective on the stock. Truist Financial lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a report on Monday, June 30th. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Finally, UBS Group boosted their target price on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Seven analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $114.44.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,470 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Price Performance

Expeditors International of Washington stock opened at $117.73 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $129.15. The business has a fifty day moving average price of $120.72 and a 200-day moving average price of $116.08. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 5.00 and a beta of 1.09.

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.