SlateStone Wealth LLC Raises Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SlateStone Wealth LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,340 shares of the transportation company’s stock after acquiring an additional 250 shares during the period. SlateStone Wealth LLC’s holdings in Expeditors International of Washington were worth $924,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington during the third quarter worth about $57,000. Intact Investment Management Inc. acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $66,000. Finally, Asset Dedication LLC lifted its holdings in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $115.29 on Monday. The stock has a market capitalization of $15.91 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59. The business has a 50 day simple moving average of $114.45 and a 200-day simple moving average of $118.16.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’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 transaction of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial assumed coverage on Expeditors International of Washington in a report on Thursday. They set a “hold” rating and a $110.00 target price for the company. Susquehanna lifted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Bank of America decreased their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.