Caisse Des Depots ET Consignations Buys New Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Caisse Des Depots ET Consignations acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,459 shares of the transportation company’s stock, valued at approximately $4,482,000.

Several other institutional investors have also recently modified their holdings of EXPD. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $39,000. TD Private Client Wealth LLC boosted its holdings in shares of Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after purchasing an additional 142 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington during the 3rd quarter valued at approximately $57,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth approximately $66,000. 94.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on 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 owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $119.12 on Thursday. The firm’s 50 day simple moving average is $115.41 and its two-hundred day simple moving average is $117.87. The company has a market capitalization of $16.44 billion, a P/E ratio of 20.82, 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXPD. JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America dropped their price target on 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. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Finally, Susquehanna lifted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $115.90.

About Expeditors International of Washington

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.