Madison Asset Management LLC Sells 6,672 Shares of Expeditors International of Washington, Inc. $EXPD

Madison Asset Management LLC lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 547,050 shares of the transportation company’s stock after selling 6,672 shares during the period. Madison Asset Management LLC owned approximately 0.40% of Expeditors International of Washington worth $67,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Vermillion & White Wealth Management Group LLC grew its stake in shares of Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC bought a new position in Expeditors International of Washington in the 2nd quarter worth $43,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter worth $43,000. Finally, Addison Advisors LLC raised its holdings in Expeditors International of Washington by 79.1% during the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 170 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXPD shares. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Zacks Research downgraded shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Truist Financial increased their price objective on shares of Expeditors International of Washington from $130.00 to $160.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Finally, Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $134.10.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $161.72 on Wednesday. The firm has a market cap of $21.67 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 5.00 and a beta of 1.13. The firm’s 50 day simple moving average is $156.24 and its 200-day simple moving average is $135.92. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $167.19.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.