Clifford Swan Investment Counsel LLC Grows Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Clifford Swan Investment Counsel LLC raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,129 shares of the transportation company’s stock after acquiring an additional 2,972 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Expeditors International of Washington were worth $4,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Hara Capital LLC purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at $59,000. Finally, Asset Dedication LLC boosted its stake in Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s 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 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 disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. 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 report on Thursday, January 16th. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average target price of $116.56.

Expeditors International of Washington Trading Up 0.2 %

EXPD opened at $117.26 on Friday. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 5.00 and a beta of 0.98. The company’s 50 day moving average is $112.82 and its 200 day moving average is $118.35. Expeditors International of Washington, Inc. has a 12-month low of $108.36 and a 12-month high of $131.59.

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.