Loomis Sayles & Co. L P Sells 203,155 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Loomis Sayles & Co. L P cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,734,992 shares of the transportation company’s stock after selling 203,155 shares during the quarter. Expeditors International of Washington accounts for 68.6% of Loomis Sayles & Co. L P’s holdings, making the stock its 27th largest position. Loomis Sayles & Co. L P’s holdings in Expeditors International of Washington were worth $635,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. SRS Capital Advisors Inc. increased its stake 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 worth $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth $39,000. TD Private Client Wealth LLC increased its position 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 period. Wilmington Savings Fund Society FSB acquired a new position in Expeditors International of Washington in the third quarter valued at about $57,000. Finally, Intact Investment Management Inc. bought a new stake in Expeditors International of Washington during the fourth quarter worth about $66,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group reduced their price objective 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. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, 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 report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $115.90.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by insiders.

Expeditors International of Washington Stock Up 0.7 %

Shares of EXPD opened at $119.12 on Thursday. The business has a 50-day simple moving average of $115.41 and a two-hundred day simple moving average of $117.87. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59. The stock has a market cap of $16.44 billion, a PE ratio of 20.82, a PEG ratio of 5.00 and a beta of 1.00.

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.