Ascent Capital Management LLC Makes New $209,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Ascent Capital Management LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,884 shares of the transportation company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington in the 3rd quarter valued at approximately $57,000. Intact Investment Management Inc. acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $66,000. Finally, Asset Dedication LLC increased its stake in Expeditors International of Washington by 339.9% in the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after buying an additional 503 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 1.0 %

NASDAQ:EXPD opened at $115.29 on Friday. The stock has a 50 day simple moving average of $114.45 and a 200 day simple moving average of $118.19. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The stock has a market cap of $15.91 billion, a P/E ratio of 20.16, a PEG ratio of 5.00 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EXPD shares. Susquehanna upped their price objective 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. 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. Truist Financial assumed coverage on Expeditors International of Washington in a report on Thursday. They set a “hold” rating and a $110.00 price target for the company. Stifel Nicolaus dropped their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. Finally, UBS Group cut their price objective 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. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.90.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.

About Expeditors International of Washington

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.