Focus Partners Wealth Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Focus Partners Wealth acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,903 shares of the transportation company’s stock, valued at approximately $432,000.

Several other large investors have also recently bought and sold shares of EXPD. First Eagle Investment Management LLC raised its position in Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after acquiring an additional 987,233 shares in the last quarter. Norges Bank acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $107,863,000. Boston Partners grew its holdings in Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the last quarter. First Trust Advisors LP grew its holdings in Expeditors International of Washington by 33.8% in the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $55,036,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 1.5%

Shares of NASDAQ EXPD opened at $116.35 on Wednesday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business has a 50 day simple moving average of $112.27 and a 200-day simple moving average of $114.68.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is currently 25.58%.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on EXPD. UBS Group lowered their target price on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Barclays lowered their target price on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a report on Wednesday, May 7th. Finally, Truist Financial decreased their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.89.

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.