Locust Wood Capital Advisers LLC Makes New $1.09 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Locust Wood Capital Advisers LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,800 shares of the transportation company’s stock, valued at approximately $1,086,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Expeditors International of Washington during the 4th quarter worth $36,865,000. Azimuth Capital Investment Management LLC grew its holdings in Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 100 shares during the period. Bank of Nova Scotia lifted its position in shares of Expeditors International of Washington by 88.3% in the fourth quarter. Bank of Nova Scotia now owns 34,024 shares of the transportation company’s stock worth $3,769,000 after purchasing an additional 15,959 shares in the last quarter. Invesco Ltd. grew its stake in shares of Expeditors International of Washington by 10.6% in the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock valued at $272,874,000 after acquiring an additional 235,409 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Expeditors International of Washington by 11.9% in the 4th quarter. Bank of Montreal Can now owns 151,875 shares of the transportation company’s stock valued at $16,823,000 after buying an additional 16,210 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expeditors International of Washington

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

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $109.99 on Thursday. The firm has a 50 day moving average price of $115.41 and a two-hundred day moving average price of $117.08. The stock has a market cap of $15.15 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EXPD shares. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Susquehanna raised their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Stifel Nicolaus lowered their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Truist Financial began coverage on Expeditors International of Washington in a report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target for the company. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $115.90.

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.