Caisse Des Depots ET Consignations Takes $4.48 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Caisse Des Depots ET Consignations acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, Holdings Channel.com reports. The fund acquired 40,459 shares of the transportation company’s stock, valued at approximately $4,482,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC grew its stake in shares of Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after buying an additional 987,233 shares during the last quarter. Boston Partners grew its position in Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after acquiring an additional 869,637 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $55,036,000. Two Sigma Advisers LP grew its stake in Expeditors International of Washington by 1,497.4% in the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock worth $56,042,000 after acquiring an additional 399,800 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $36,865,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. The trade was 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 this link. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America lowered their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. UBS Group lowered their price target on shares of Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Susquehanna raised their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, Truist Financial initiated coverage on Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Stock Up 0.7 %

Shares of Expeditors International of Washington stock opened at $119.12 on Thursday. The firm has a market cap of $16.44 billion, a PE 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 twelve month low of $108.36 and a twelve 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.

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.