State Street Corp. Amends Expeditors Intl. Stock Ownership
Ticker: EXPD · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 746515
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Expeditors stock, signaling continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Expeditors International of Washington Inc. common stock as of December 31, 2023. This filing indicates State Street's passive investment in the freight and cargo company, updating its previous disclosures. For investors, this means a significant institutional holder continues to maintain a position in Expeditors, which can signal confidence in the company's long-term prospects.
Why It Matters
This filing confirms State Street Corporation's continued passive investment in Expeditors International, providing transparency on institutional ownership and potentially influencing investor sentiment.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
This filing is a routine disclosure of institutional ownership and does not suggest any immediate action for investors. It primarily serves as transparency that State Street Corporation maintains a passive investment in Expeditors International.
Key Numbers
- 302130109 — CUSIP Number (identifies Expeditors International of Washington Inc. common stock)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Expeditors International of Washington Inc. (company) — the subject company whose securities are being reported
- 0000093751-24-000327 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
- January 29, 2024 (date) — date the filing was made
Forward-Looking Statements
- State Street Corporation will continue to hold a significant, passive stake in Expeditors International. (State Street Corporation) — high confidence, target: Q1 2025
- Expeditors International's stock price will not be significantly impacted by this routine filing. (Expeditors International of Washington Inc.) — high confidence, target: Q2 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment to a Schedule 13G, indicating an update to State Street Corporation's previously reported beneficial ownership of common stock in Expeditors International of Washington Inc. as of December 31, 2023.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is State Street Corporation, identified with IRS Identification No. 04-2456637, located at 1 Congress Street, Suite 1, Boston, MA.
What company's securities are the subject of this filing?
The subject company is Expeditors International of Washington Inc., a company in the 'Arrangement of Transportation of Freight & Cargo' industry, with CUSIP Number 302130109 for its common stock.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was December 31, 2023, as stated on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1(B), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding EXPEDITORS INTERNATIONAL OF WASHINGTON INC (EXPD).