Simon Quick Advisors LLC Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Simon Quick Advisors LLC increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,742 shares of the transportation company’s stock after acquiring an additional 682 shares during the quarter. Simon Quick Advisors LLC’s holdings in Expeditors International of Washington were worth $330,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. First Eagle Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after acquiring an additional 987,233 shares in the last quarter. Boston Partners lifted its stake in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after acquiring an additional 869,637 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Expeditors International of Washington by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock worth $374,771,000 after acquiring an additional 57,736 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Expeditors International of Washington by 33.8% in the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after acquiring an additional 690,539 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Expeditors International of Washington by 10.6% in the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock worth $272,874,000 after acquiring an additional 235,409 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.3%

Shares of Expeditors International of Washington stock opened at $114.25 on Friday. The business’s 50 day simple moving average is $111.24 and its 200-day simple moving average is $113.77. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

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

Analyst Ratings Changes

EXPD has been the topic of several recent analyst reports. Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. TD Cowen cut their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research note on Wednesday, May 7th. Barclays cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $113.89.

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.