Meiji Yasuda Asset Management Co Ltd. Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,646 shares of the transportation company’s stock after acquiring an additional 3,457 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Expeditors International of Washington were worth $3,727,000 at the end of the most recent quarter.

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

Expeditors International of Washington Stock Up 0.5 %

NASDAQ EXPD opened at $118.41 on Wednesday. The stock’s 50 day moving average is $115.26 and its 200 day moving average is $117.87. The firm has a market capitalization of $16.34 billion, a PE ratio of 20.70, a P/E/G ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target 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. UBS Group dropped 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Stifel Nicolaus lowered their price target on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $115.90.

Insider Activity

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

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.