Expeditors International of Washington, Inc. $EXPD Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 52.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,850 shares of the transportation company’s stock after selling 2,029 shares during the period. Advisors Capital Management LLC’s holdings in Expeditors International of Washington were worth $223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth $30,000. Garde Capital Inc. acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth $37,000. Ransom Advisory Ltd acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth $41,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $123.61 on Friday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The business’s 50-day simple moving average is $118.17 and its 200 day simple moving average is $115.22. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $118.05, for a total transaction of $173,533.50. Following the transaction, the vice president owned 7,651 shares of the company’s stock, valued at approximately $903,200.55. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXPD. Baird R W upgraded Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a “neutral” rating and a $124.00 price target for the company. Truist Financial increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a report on Monday, June 30th. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. Finally, Barclays increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday. Seven investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $114.78.

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.