Locust Wood Capital Advisers LLC Purchases New Stake in Expeditors International of Washington, Inc. $EXPD

Locust Wood Capital Advisers LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,745 shares of the transportation company’s stock, valued at approximately $771,000.

A number of other large investors also recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT bought a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC grew its holdings in 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 acquiring an additional 121 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Expeditors International of Washington during the 2nd quarter worth $34,000. Ransom Advisory Ltd acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at $41,000. Finally, Twin Tree Management LP bought a new position in shares of Expeditors International of Washington in the 1st quarter worth $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EXPD shares. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Barclays boosted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Stifel Nicolaus increased their target price on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price target 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, Truist Financial raised their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $131.89.

Insider Buying and Selling

In related news, 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 transaction of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the transaction, the vice president owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Trading Up 0.1%

EXPD stock opened at $146.63 on Wednesday. The stock has a 50-day moving average price of $129.02 and a two-hundred day moving average price of $121.22. 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 $19.65 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is 25.12%.

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.