Allspring Global Investments Holdings LLC Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allspring Global Investments Holdings LLC decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 37.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 89,593 shares of the transportation company’s stock after selling 53,163 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Expeditors International of Washington were worth $10,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Expeditors International of Washington by 53.4% during 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 period. State of Alaska Department of Revenue raised its stake in shares of Expeditors International of Washington by 2.7% during 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 buying an additional 430 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $200,000. Oppenheimer & Co. Inc. raised its stake in shares of Expeditors International of Washington by 9.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 3,987 shares of the transportation company’s stock worth $479,000 after buying an additional 360 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Expeditors International of Washington by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company’s stock worth $507,000 after buying an additional 598 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EXPD. Barclays reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, May 7th. UBS Group reduced their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Truist Financial raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a “hold” rating in a report on Monday. Robert W. Baird began coverage on shares of Expeditors International of Washington in a research report on Tuesday. They set a “neutral” rating and a $124.00 target price on the stock. Finally, TD Cowen lowered their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.22.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $118.30 on Friday. The stock’s fifty day moving average is $113.16 and its 200-day moving average is $113.29. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date was Monday, June 2nd. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.58%.

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.