River Road Asset Management LLC Purchases 33,343 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

River Road Asset Management LLC lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 60.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 88,776 shares of the transportation company’s stock after buying an additional 33,343 shares during the period. River Road Asset Management LLC’s holdings in Expeditors International of Washington were worth $9,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Expeditors International of Washington by 12.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company’s stock valued at $315,485,000 after purchasing an additional 257,791 shares in the last quarter. Marshfield Associates raised its stake in shares of Expeditors International of Washington by 0.4% in the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company’s stock worth $238,889,000 after buying an additional 6,878 shares during the period. Amundi lifted its position in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Amundi now owns 1,457,549 shares of the transportation company’s stock valued at $163,653,000 after buying an additional 8,101 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Expeditors International of Washington by 8.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,259,224 shares of the transportation company’s stock valued at $139,484,000 after acquiring an additional 98,197 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Expeditors International of Washington by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock worth $108,997,000 after acquiring an additional 53,738 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 3.8 %

Shares of Expeditors International of Washington stock opened at $117.53 on Wednesday. The firm has a market cap of $16.22 billion, a PE ratio of 20.55, a PEG ratio of 5.00 and a beta of 1.00. The stock has a 50 day moving average of $114.12 and a 200 day moving average of $118.30. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

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 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 in the company, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXPD. UBS Group dropped their price target 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. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus dropped 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 note on Thursday, January 23rd. Finally, Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus price target of $116.56.

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.