Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,775 shares of the transportation company’s stock after acquiring an additional 6,475 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Expeditors International of Washington worth $21,225,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXPD. Zions Bancorporation National Association UT purchased a new stake in shares of Expeditors International of Washington in the 1st quarter worth about $30,000. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the second quarter worth about $34,000. Ransom Advisory Ltd purchased a new stake in Expeditors International of Washington in the first quarter worth about $41,000. Twin Tree Management LP purchased a new stake in Expeditors International of Washington in the first quarter worth about $42,000. Finally, Addison Advisors LLC boosted its position in Expeditors International of Washington by 79.1% during the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 170 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXPD. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 5th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, November 6th. TD Cowen raised their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research report on Wednesday, November 5th. Finally, UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the stock from $138.00 to $166.00 in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $131.89.

Insider Transactions at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, 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. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 1.6%

Shares of NASDAQ:EXPD opened at $139.90 on Wednesday. The stock has a fifty day simple moving average of $124.62 and a two-hundred day simple moving average of $118.94. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $143.02.

Expeditors International of Washington Announces Dividend

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

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.