Procyon Advisors LLC Has $2.48 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Procyon Advisors LLC boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 11.2% in the first quarter, Holdings Channel reports. The firm owned 20,634 shares of the transportation company’s stock after acquiring an additional 2,081 shares during the period. Procyon Advisors LLC’s holdings in Expeditors International of Washington were worth $2,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after buying an additional 1,216 shares during the period. Asset Management One Co. Ltd. lifted its position in Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock worth $8,459,000 after acquiring an additional 20,658 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Expeditors International of Washington during the fourth quarter valued at about $13,008,000. Focus Partners Wealth bought a new stake in Expeditors International of Washington during the fourth quarter valued at about $432,000. Finally, Vest Financial LLC increased its stake in shares of Expeditors International of Washington by 20.9% in the fourth quarter. Vest Financial LLC now owns 497,786 shares of the transportation company’s stock worth $55,140,000 after purchasing an additional 86,066 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EXPD shares. TD Cowen cut their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. Truist Financial reduced their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. JPMorgan Chase & Co. cut their target price on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Finally, Susquehanna increased their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $113.89.

Expeditors International of Washington Trading Up 1.1%

Shares of NASDAQ EXPD opened at $112.36 on Friday. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 19.64, a PEG 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. The business has a fifty day simple moving average of $110.82 and a 200 day simple moving average of $114.06.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. This represents a yield of 1.4%. The ex-dividend date is Monday, June 2nd. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is 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.