Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 279,529 shares of the transportation company’s stock after buying an additional 33,455 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $31,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in Expeditors International of Washington by 0.7% in the third quarter. Bank of Montreal Can now owns 135,665 shares of the transportation company’s stock valued at $17,491,000 after acquiring an additional 956 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Expeditors International of Washington by 773.5% in the 3rd quarter. Quantbot Technologies LP now owns 9,504 shares of the transportation company’s stock valued at $1,249,000 after purchasing an additional 8,416 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of Expeditors International of Washington by 31.5% during the 3rd quarter. Townsquare Capital LLC now owns 18,416 shares of the transportation company’s stock worth $2,420,000 after purchasing an additional 4,408 shares during the period. Glenmede Trust Co. NA increased its position in shares of Expeditors International of Washington by 16.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,348 shares of the transportation company’s stock worth $1,754,000 after purchasing an additional 1,878 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at about $239,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction 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. This trade represents 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 at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EXPD shares. Truist Financial started coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 price target for the company. Bank of America cut their target price on 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. UBS Group lowered their price target on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. 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 report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their target price 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 analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $115.90.

Expeditors International of Washington Stock Down 0.5 %

Shares of Expeditors International of Washington stock opened at $119.71 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $108.36 and a 52-week high of $131.59. The company has a market capitalization of $16.52 billion, a P/E ratio of 20.93, a P/E/G ratio of 5.00 and a beta of 1.00. The company has a 50 day moving average of $115.79 and a 200 day moving average of $117.84.

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.