Baxter Bros Inc. Sells 120 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Baxter Bros Inc. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,300 shares of the transportation company’s stock after selling 120 shares during the quarter. Baxter Bros Inc.’s holdings in Expeditors International of Washington were worth $1,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EXPD. SRS Capital Advisors Inc. lifted its holdings in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Expeditors International of Washington during the fourth quarter worth about $39,000. TD Private Client Wealth LLC boosted its holdings 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 worth $54,000 after purchasing an additional 142 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at about $57,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at about $66,000. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXPD has been the topic of several research reports. Bank of America decreased their price target on shares of 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. Stifel Nicolaus decreased their target price 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. Susquehanna upped 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 research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on 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, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.90.

Expeditors International of Washington Trading Up 1.3 %

Shares of NASDAQ EXPD opened at $117.87 on Tuesday. The firm has a fifty day simple moving average of $115.11 and a two-hundred day simple moving average of $117.88. The firm has a market capitalization of $16.27 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

Insider Buying and Selling

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was 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 of the company’s stock, valued at $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by insiders.

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.