Cambiar Investors LLC Reduces Stake in Expeditors International of Washington, Inc.

Cambiar Investors LLC has decreased its stake in the shares of Expeditors International of Washington, Inc. (NASDAQ: EXPD) by 11.0% during the fourth quarter. In its latest filing with the Securities and Exchange Commission (SEC), the firm reported that it now holds 92,391 shares of the transportation company after selling 11,411 shares in the quarter. As of the most recent SEC filing, Cambiar Investors LLC's holdings in Expeditors International of Washington are valued at approximately $10,234,000, equating to 0.07% of the company's total shares.

Many other hedge funds have also made changes to their positions in Expeditors International. For instance, UBS Asset Management Americas LLC increased its stake by 12.0% in the third quarter, acquiring an additional 257,791 shares, bringing its total holdings to 2,400,949 shares worth about $315,485,000. Marshfield Associates also raised its position by 0.4%, now owning 1,818,027 shares valued at $238,889,000 after adding 6,878 shares. Similarly, Principal Financial Group Inc. reported a 0.3% increase, now holding 1,161,027 shares worth $152,559,000 by acquiring an additional 4,044 shares. Charles Schwab Investment Management Inc. boosted its holdings by 6.6%, owning 833,610 shares valued at $109,536,000 after a purchase of 51,265 shares. DekaBank Deutsche Girozentrale raised its position by 1.1%, increasing its shares to 803,807 valued at $101,756,000 after buying 9,007 shares. Overall, institutional investors and hedge funds own about 94.02% of Expeditors International's stock.

Analyst Ratings Updates

In recent developments, several research analysts have provided updates on Expeditors International. Barclays increased its price target from $105.00 to $110.00 while maintaining an "underweight" rating in a report dated November 6. Bank of America lowered its price target from $129.00 to $120.00, rating the stock as "neutral" in a report dated January 16. StockNews.com upgraded the stock from a "hold" to a "buy" rating recently, whereas Stifel Nicolaus reduced their price target from $122.00 to $117.00, assigning a "hold" rating. Finally, TD Cowen raised the price target from $106.00 to $108.00, maintaining a "sell" rating. Currently, four analysts have rated the stock with a sell rating, seven with a hold rating, and one with a buy rating. According to MarketBeat.com, the consensus rating for Expeditors International is "Hold" with an average price target of $117.44.

Insider Transactions

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International on December 10. The shares were sold at an average price of $121.11, totaling roughly $363,330. After this transaction, he owns 9,662 shares valued at approximately $1,170,164.82, reflecting a 23.69% decrease in his position. This transaction was disclosed in a filing with the SEC. Corporate insiders currently hold about 0.69% of the shares.

Stock Performance

As of Tuesday, Expeditors International's stock opened at $112.50. The company’s shares have a 50-day moving average of $113.55 and a 200-day average of $118.91. Over the past year, the stock has seen a low of $108.36 and a high of $131.59. Expeditors International has a market capitalization of $15.75 billion, with a price-to-earnings (P/E) ratio of 21.93 and a P/E growth (P/E/G) ratio of 3.77, showing a beta of 0.98.

Company Overview

Expeditors International of Washington, Inc., along with its subsidiaries, provides logistics services globally. Their offerings include airfreight services like consolidation and forwarding, ocean freight services, customs brokerage, ground transportation, and warehousing solutions. They also specialize in customs clearance, purchase order management, vendor consolidation, time-definite transportation, and other supply chain solutions.

Expeditors, Investors, Stock