Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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’s holdings in Expeditors International of Washington were worth $36,881,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Manchester Capital Management LLC grew its position in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after buying an additional 103 shares in the last quarter. Chapman Investment Management LLC grew its holdings in Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after acquiring an additional 112 shares in the last quarter. OLD National Bancorp IN increased its position in shares of Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 113 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Expeditors International of Washington by 17.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 114 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Expeditors International of Washington by 1.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,436 shares of the transportation company’s stock worth $824,000 after purchasing an additional 125 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial assumed coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective on the stock. Bank of America dropped their target price on shares of 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. JPMorgan Chase & Co. reduced 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. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Susquehanna boosted their price objective on 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. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $115.90.

Insiders Place Their Bets

In related 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 stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Trading Up 0.7 %

Shares of EXPD stock opened at $119.12 on Thursday. The business’s 50 day moving average is $115.41 and its two-hundred day moving average is $117.87. Expeditors International of Washington, Inc. has a twelve month low of $108.36 and a twelve month high of $131.59. The company has a market capitalization of $16.44 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00.

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.