Loomis Sayles & Co. L P Has $635.27 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Loomis Sayles & Co. L P trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,734,992 shares of the transportation company’s stock after selling 203,155 shares during the quarter. Expeditors International of Washington makes up 68.6% of Loomis Sayles & Co. L P’s portfolio, making the stock its 27th biggest position. Loomis Sayles & Co. L P owned 4.10% of Expeditors International of Washington worth $635,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its stake in shares of 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 purchasing an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the fourth quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $57,000. TD Private Client Wealth LLC lifted its stake in shares of 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 purchasing an additional 142 shares during the period. Finally, Intact Investment Management Inc. bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $66,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial initiated coverage on Expeditors International of Washington in a report on Thursday, March 13th. They issued a “hold” rating and a $110.00 price objective for the company. Stifel Nicolaus cut their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. JPMorgan Chase & Co. cut 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. Finally, Susquehanna boosted their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $115.90.

Expeditors International of Washington Price Performance

EXPD opened at $119.12 on Thursday. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 5.00 and a beta of 1.00. The business’s 50-day moving average price is $115.41 and its two-hundred day moving average price is $117.87. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the sale, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by insiders.

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.