Amalgamated Bank Purchases 157 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Amalgamated Bank boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.6% in the first quarter, Holdings Channel.com reports. The firm owned 27,550 shares of the transportation company’s stock after acquiring an additional 157 shares during the period. Amalgamated Bank’s holdings in Expeditors International of Washington were worth $3,313,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its holdings in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Expeditors International of Washington by 11.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company’s stock worth $147,000 after acquiring an additional 140 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Expeditors International of Washington by 8.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 904,737 shares of the transportation company’s stock worth $100,218,000 after purchasing an additional 71,127 shares during the last quarter. Keybank National Association OH raised its position in Expeditors International of Washington by 4.7% in the 4th quarter. Keybank National Association OH now owns 3,452 shares of the transportation company’s stock valued at $382,000 after buying an additional 156 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Expeditors International of Washington by 4.3% during the fourth quarter. M&T Bank Corp now owns 18,096 shares of the transportation company’s stock valued at $2,005,000 after purchasing an additional 738 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 0.7%

Shares of NASDAQ EXPD opened at $118.30 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 5.00 and a beta of 1.07. The business has a 50-day moving average of $113.35 and a 200-day moving average of $113.30.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.77 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is currently 25.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXPD shares. Barclays decreased their target price on 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. TD Cowen decreased their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a report on Wednesday, May 7th. Truist Financial raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, June 30th. Baird R W upgraded shares of Expeditors International of Washington to a “hold” rating in a research note on Tuesday. Finally, UBS Group decreased their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.