Roberts Glore & Co. Inc. IL Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Roberts Glore & Co. Inc. IL cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,366 shares of the transportation company’s stock after selling 562 shares during the period. Expeditors International of Washington makes up 0.9% of Roberts Glore & Co. Inc. IL’s portfolio, making the stock its 25th largest holding. Roberts Glore & Co. Inc. IL’s holdings in Expeditors International of Washington were worth $3,031,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its stake 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 purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $57,000. Asset Dedication LLC boosted its stake in shares of Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock worth $72,000 after purchasing an additional 503 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Expeditors International of Washington by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,100 shares of the transportation company’s stock worth $144,000 after purchasing an additional 176 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $126.64 on Friday. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a market cap of $17.48 billion, a P/E ratio of 22.14, a P/E/G ratio of 5.00 and a beta of 1.00. The firm has a 50-day simple moving average of $113.76 and a 200-day simple moving average of $118.37.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred 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 transaction, the vice president now owns 7,296 shares of the company’s stock, valued at $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. Also, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the completion of the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Susquehanna lifted their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Finally, Bank of America decreased their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.56.

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.