River Road Asset Management LLC Buys 33,343 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

River Road Asset Management LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 60.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,776 shares of the transportation company’s stock after purchasing an additional 33,343 shares during the period. River Road Asset Management LLC owned about 0.06% of Expeditors International of Washington worth $9,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after buying an additional 51,265 shares during the last quarter. Franklin Resources Inc. raised its stake in 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 valued at $23,623,000 after acquiring an additional 30,785 shares during the period. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington during the third quarter valued at about $4,363,000. Pensionfund Sabic bought a new position in Expeditors International of Washington during the fourth quarter worth about $1,329,000. Finally, Drystone LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $5,925,000. 94.02% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Expeditors International of Washington Stock Down 3.8 %

Expeditors International of Washington stock opened at $117.53 on Wednesday. The firm has a fifty day simple moving average of $114.12 and a two-hundred day simple moving average of $118.30. 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 $16.22 billion, a PE ratio of 20.55, a P/E/G ratio of 5.00 and a beta of 1.00.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group dropped 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 research note on Wednesday, February 19th. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Susquehanna increased 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. Finally, StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.56.

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.