National Bank of Canada FI Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

National Bank of Canada FI cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,393 shares of the transportation company’s stock after selling 4,799 shares during the period. National Bank of Canada FI owned approximately 0.06% of Expeditors International of Washington worth $8,686,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXPD. Public Sector Pension Investment Board grew its stake in shares of Expeditors International of Washington by 19.6% in the third quarter. Public Sector Pension Investment Board now owns 6,102 shares of the transportation company’s stock worth $802,000 after acquiring an additional 1,000 shares during the period. Captrust Financial Advisors boosted its holdings in Expeditors International of Washington by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,733 shares of the transportation company’s stock worth $490,000 after purchasing an additional 395 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington in the 3rd quarter worth approximately $4,363,000. Quantinno Capital Management LP raised its stake in Expeditors International of Washington by 23.7% during the 3rd quarter. Quantinno Capital Management LP now owns 29,879 shares of the transportation company’s stock valued at $3,926,000 after buying an additional 5,730 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Expeditors International of Washington by 1,497.4% during the 3rd quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company’s stock valued at $56,042,000 after buying an additional 399,800 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD opened at $109.00 on Friday. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.03. The firm’s fifty day moving average is $116.22 and its 200 day moving average is $117.67. Expeditors International of Washington, Inc. has a fifty-two week low of $107.17 and a fifty-two week high of $131.59.

Insider Activity

In related 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 transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on EXPD. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Bank of America reduced their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of 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. Truist Financial initiated coverage on shares of Expeditors International of Washington in a research report on Thursday, March 13th. They set a “hold” rating and a $110.00 target price for the company. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target 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.