Hendley & Co. Inc. Cuts Stake in Expeditors International of Washington (EXPD)

Hendley & Co. Inc. trimmed its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,900 shares of the transportation company’s stock after selling 615 shares during the quarter. Expeditors International of Washington accounts for approximately 1.8% of Hendley & Co. Inc.’s investment portfolio, making the stock its 22nd biggest position. Hendley & Co. Inc.’s holdings in Expeditors International of Washington were worth $3,057,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EXPD. Gradient Investments LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $68,000. Rehmann Capital Advisory Group raised its holdings in shares of Expeditors International of Washington by 51.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,337 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 456 shares during the period. Ipswich Investment Management Co. Inc. bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $128,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Expeditors International of Washington by 104.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,072 shares of the transportation company’s stock worth $152,000 after purchasing an additional 1,061 shares during the last quarter. Finally, MainStreet Investment Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at $198,000. Institutional investors own 94.86% of the company’s stock.

Shares of NASDAQ:EXPD opened at $73.77 on Thursday. The company has a market cap of $12.27 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. Expeditors International of Washington has a 1 year low of $60.80 and a 1 year high of $78.16.

In other news, insider Jeffrey S. Musser sold 30,000 shares of Expeditors International of Washington stock in a transaction on Friday, November 30th. The shares were sold at an average price of $75.95, for a total transaction of $2,278,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher J. Mcclincy sold 2,371 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $73.67, for a total transaction of $174,671.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,371 shares of company stock worth $2,820,772. 0.99% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on EXPD shares. BidaskClub lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Zacks Investment Research lowered shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Goldman Sachs Group downgraded shares of Expeditors International of Washington from a “neutral” rating to a “sell” rating and set a $68.00 price target on the stock. in a report on Friday, December 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $69.33.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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