Front Street Capital Management Inc. Decreases Stock Position in Expeditors International of Washington, Inc. $EXPD

Front Street Capital Management Inc. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 45.8% in the first quarter, Holdings Channel.com reports. The fund owned 14,989 shares of the transportation company’s stock after selling 12,648 shares during the period. Front Street Capital Management Inc.’s holdings in Expeditors International of Washington were worth $1,802,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Expeditors International of Washington by 53.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company’s stock worth $19,343,000 after acquiring an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Expeditors International of Washington by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company’s stock worth $1,971,000 after acquiring an additional 430 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Expeditors International of Washington by 17.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company’s stock worth $667,000 after acquiring an additional 834 shares during the last quarter. Brown Advisory Inc. raised its stake in Expeditors International of Washington by 2.4% during the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company’s stock valued at $1,249,000 after buying an additional 246 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in shares of Expeditors International of Washington during the 1st quarter valued at $203,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total value of $173,533.50. Following the completion of the sale, the vice president directly owned 7,651 shares in the company, valued at $903,200.55. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $120.96 on Friday. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 5.00 and a beta of 1.06. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The business has a fifty day moving average price of $117.70 and a 200-day moving average price of $115.05.

Wall Street Analysts Forecast Growth

EXPD has been the topic of several research analyst reports. Baird R W raised Expeditors International of Washington to a “hold” rating in a report on Tuesday, July 1st. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a “neutral” rating and a $124.00 price target on the stock. Bank of America cut Expeditors International of Washington from a “neutral” rating to an “underperform” rating and increased their price target for the company from $117.00 to $118.00 in a report on Friday, July 11th. UBS Group increased their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. Seven investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus price target of $114.22.

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.