Pitcairn Co. Sells 2,290 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Pitcairn Co. lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 44.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,859 shares of the transportation company’s stock after selling 2,290 shares during the period. Pitcairn Co.’s holdings in Expeditors International of Washington were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. Franklin Resources Inc. lifted its holdings in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after purchasing an additional 30,785 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington during the third quarter worth $4,363,000. Pensionfund Sabic bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at $1,329,000. Drystone LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $5,925,000. Finally, Allworth Financial LP raised its holdings in shares of Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Susquehanna boosted their price objective 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. lowered 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 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. UBS Group lowered their target price on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Stock Down 1.5 %

EXPD opened at $109.00 on Monday. Expeditors International of Washington, Inc. has a twelve month low of $107.17 and a twelve month high of $131.59. The company’s 50-day moving average price is $116.22 and its two-hundred day moving average price is $117.63. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 5.00 and a beta of 1.03.

Insider Activity at Expeditors International of Washington

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

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.