Legato Capital Management LLC Sells 4,050 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Legato Capital Management LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,257 shares of the transportation company’s stock after selling 4,050 shares during the quarter. Legato Capital Management LLC’s holdings in Expeditors International of Washington were worth $1,468,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington in the third quarter valued at about $57,000. Maia Wealth LLC purchased a new stake in Expeditors International of Washington in the third quarter worth about $59,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Expeditors International of Washington by 174.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after acquiring an additional 300 shares in the last quarter. Finally, Asset Dedication LLC increased its position in Expeditors International of Washington by 339.9% during the 4th quarter. Asset Dedication LLC now owns 651 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 503 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EXPD shares. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on 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 upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Bank of America cut their target price on 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. Finally, TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $117.44.

Insider Activity at Expeditors International of Washington

In related news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were 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 $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $111.01 on Thursday. The business’s 50-day simple moving average is $113.18 and its two-hundred day simple moving average is $118.78. The company has a market cap of $15.54 billion, a PE ratio of 21.64, a PEG ratio of 3.77 and a beta of 0.98. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59.

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.