Expeditors International of Washington (EXPD) is St. James Investment Company LLC’s 9th Largest Position

St. James Investment Company LLC reduced its stake in Expeditors International of Washington (NASDAQ:EXPD) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,843 shares of the transportation company’s stock after selling 221,979 shares during the period. Expeditors International of Washington makes up about 4.4% of St. James Investment Company LLC’s investment portfolio, making the stock its 9th biggest holding. St. James Investment Company LLC owned approximately 0.33% of Expeditors International of Washington worth $38,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. APG Asset Management N.V. grew its stake in shares of Expeditors International of Washington by 115.2% during the third quarter. APG Asset Management N.V. now owns 1,432,508 shares of the transportation company’s stock valued at $85,750,000 after acquiring an additional 766,900 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Expeditors International of Washington by 21.8% during the third quarter. Commonwealth Bank of Australia now owns 3,489,743 shares of the transportation company’s stock valued at $208,580,000 after acquiring an additional 624,542 shares in the last quarter. Parnassus Investments CA grew its stake in shares of Expeditors International of Washington by 41.7% during the fourth quarter. Parnassus Investments CA now owns 1,252,590 shares of the transportation company’s stock valued at $81,030,000 after acquiring an additional 368,590 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Expeditors International of Washington by 1,326.5% during the third quarter. Neuberger Berman Group LLC now owns 334,400 shares of the transportation company’s stock valued at $20,017,000 after acquiring an additional 310,958 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Expeditors International of Washington by 144.0% during the third quarter. JPMorgan Chase & Co. now owns 497,083 shares of the transportation company’s stock valued at $29,642,000 after acquiring an additional 293,338 shares in the last quarter. Hedge funds and other institutional investors own 93.26% of the company’s stock.

Expeditors International of Washington (NASDAQ:EXPD) opened at $63.12 on Wednesday. Expeditors International of Washington has a 12-month low of $51.96 and a 12-month high of $67.54. The company has a market cap of $11,083.32, a PE ratio of 26.41, a PEG ratio of 2.84 and a beta of 0.64.

In other news, insider Eugene K. Alger sold 10,269 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $60.40, for a total transaction of $620,247.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

EXPD has been the subject of several recent analyst reports. Barclays restated a “buy” rating and set a $70.00 target price on shares of Expeditors International of Washington in a research note on Tuesday, January 9th. Credit Suisse Group raised their target price on Expeditors International of Washington from $51.00 to $56.00 and gave the company an “underperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Expeditors International of Washington from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Friday, January 19th. Goldman Sachs Group started coverage on Expeditors International of Washington in a research note on Monday, November 13th. They set a “neutral” rating and a $59.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price target on shares of Expeditors International of Washington in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.38.

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About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

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

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