Harfst & Associates Inc. Sells 8,260 Shares of Expeditors International of Washington, Inc. $EXPD

Harfst & Associates Inc. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 80.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,947 shares of the transportation company’s stock after selling 8,260 shares during the quarter. Harfst & Associates Inc.’s holdings in Expeditors International of Washington were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington during the first quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after buying an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at $34,000. Ransom Advisory Ltd acquired a new position in shares of Expeditors International of Washington during the 1st quarter valued at $41,000. Finally, Twin Tree Management LP bought a new position in Expeditors International of Washington during the first quarter worth $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, November 6th. Truist Financial upped their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. Finally, UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and raised their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $131.89.

Expeditors International of Washington Trading Down 0.2%

EXPD stock opened at $147.36 on Thursday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $148.38. The stock has a market cap of $19.75 billion, a P/E ratio of 25.76, a P/E/G ratio of 5.00 and a beta of 1.09. The stock’s fifty day simple moving average is $126.97 and its two-hundred day simple moving average is $120.31.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.77 dividend. This represents a yield of 113.0%. The ex-dividend date is Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

Insider Activity at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director owned 6,468 shares of the company’s stock, valued at $874,797. This represents a 45.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated 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 directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

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.