ICW Investment Advisors LLC Reduces Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ICW Investment Advisors LLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,256 shares of the transportation company’s stock after selling 222 shares during the quarter. ICW Investment Advisors LLC’s holdings in Expeditors International of Washington were worth $1,579,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its holdings in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $39,000. TD Private Client Wealth LLC grew its holdings in Expeditors International of Washington by 41.0% in the 4th quarter. TD Private Client Wealth LLC now owns 488 shares of the transportation company’s stock valued at $54,000 after buying an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at $57,000. Finally, Intact Investment Management Inc. purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $66,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now owns 7,296 shares in the company, 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. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Bank of America decreased their price target on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus decreased their price target 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, Truist Financial initiated coverage on Expeditors International of Washington in a research note on Thursday, March 13th. They issued a “hold” rating and a $110.00 price target on the stock. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $116.19 on Monday. The stock’s 50-day moving average is $114.97 and its two-hundred day moving average is $117.92. Expeditors International of Washington, Inc. has a 1-year low of $108.36 and a 1-year high of $131.59. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth 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.