Rodgers Brothers Inc. Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Rodgers Brothers Inc. acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,660 shares of the transportation company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. grew its holdings in shares of 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 purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $39,000. Wilmington Savings Fund Society FSB purchased a new position in Expeditors International of Washington during the third quarter worth about $57,000. TD Private Client Wealth LLC boosted its stake in Expeditors International of Washington by 41.0% during the fourth quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock worth $54,000 after buying an additional 142 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $120.33 on Tuesday. The company’s 50 day moving average price is $115.99 and its 200 day moving average price is $117.80. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Bank of America dropped their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. UBS Group decreased their target price on 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. Finally, Susquehanna lifted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $115.90.

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.