Robeco Institutional Asset Management B.V. Sells 6,289 Shares of Expeditors International of Washington, Inc. $EXPD

Robeco Institutional Asset Management B.V. cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 75.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,057 shares of the transportation company’s stock after selling 6,289 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Expeditors International of Washington were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new position in Expeditors International of Washington in the second quarter worth about $111,222,000. First Eagle Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Expeditors International of Washington by 19.3% in the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock worth $237,337,000 after purchasing an additional 335,578 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Expeditors International of Washington during the 2nd quarter valued at approximately $21,493,000. Finally, Acadian Asset Management LLC raised its holdings in Expeditors International of Washington by 158.4% during the 2nd quarter. Acadian Asset Management LLC now owns 201,015 shares of the transportation company’s stock valued at $22,963,000 after buying an additional 123,223 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

EXPD stock opened at $161.13 on Tuesday. The company has a market capitalization of $21.59 billion, a PE ratio of 28.17, a P/E/G ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $161.40. The firm’s 50-day moving average is $147.73 and its 200 day moving average is $129.12.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their target price for the stock from $138.00 to $166.00 in a report on Monday, November 17th. Morgan Stanley upped their price target on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. JPMorgan Chase & Co. reduced their price objective on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Truist Financial boosted their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $128.60.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.