Madison Investment Advisors LLC Makes New $55.04 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Madison Investment Advisors LLC acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 496,852 shares of the transportation company’s stock, valued at approximately $55,036,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company’s stock valued at $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Franklin Resources Inc. boosted its position in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after buying an additional 30,785 shares during the period. Point72 Asset Management L.P. purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at about $4,363,000. Pensionfund Sabic purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $1,329,000. Finally, Drystone LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at about $5,925,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $117.03 on Thursday. The firm has a 50 day simple moving average of $114.24 and a 200-day simple moving average of $118.29. Expeditors International of Washington, Inc. has a one year low of $108.36 and a one year high of $131.59. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 5.00 and a beta of 1.00.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXPD shares. Bank of America lowered their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Susquehanna upped their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average target price of $116.56.

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.