Royal London Asset Management Ltd. Has $37.66 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Royal London Asset Management Ltd. trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.9% in the fourth quarter, HoldingsChannel reports. The firm owned 339,999 shares of the transportation company’s stock after selling 79,232 shares during the period. Royal London Asset Management Ltd.’s holdings in Expeditors International of Washington were worth $37,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPD. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after buying an additional 987,233 shares during the period. Boston Partners increased its stake in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after buying an additional 869,637 shares during the period. Madison Investment Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $55,036,000. Two Sigma Advisers LP increased its stake in shares of Expeditors International of Washington by 1,497.4% in 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $36,865,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction dated 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 in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of several research reports. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. StockNews.com cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Bank of America decreased their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. UBS Group decreased their price objective on Expeditors International of Washington from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.90.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $115.66 on Friday. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 5.00 and a beta of 1.00. The stock’s 50-day moving average is $114.82 and its 200-day moving average is $118.05. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59.

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.