Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,953 shares of the transportation company’s stock after buying an additional 2,061 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of Expeditors International of Washington worth $36,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Expeditors International of Washington by 11.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,646 shares of the transportation company’s stock worth $3,727,000 after buying an additional 3,457 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth approximately $1,174,000. Fox Run Management L.L.C. increased its position in shares of Expeditors International of Washington by 14.7% during the fourth quarter. Fox Run Management L.L.C. now owns 11,358 shares of the transportation company’s stock worth $1,258,000 after purchasing an additional 1,456 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Expeditors International of Washington in the 4th quarter valued at $14,910,000. Finally, Mizuho Securities USA LLC lifted its holdings in Expeditors International of Washington by 45.0% in the 4th quarter. Mizuho Securities USA LLC now owns 13,267 shares of the transportation company’s stock valued at $1,470,000 after purchasing an additional 4,116 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.7 %

Shares of NASDAQ:EXPD opened at $119.12 on Thursday. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.82, a PEG 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 moving average price of $115.41 and a 200 day moving average price of $117.87.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Stifel Nicolaus cut their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Finally, Bank of America lowered their price objective 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 investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.90.

Insiders Place Their Bets

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is currently owned by insiders.

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.