Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,392 shares of the transportation company’s stock after acquiring an additional 430 shares during the quarter. State of Alaska Department of Revenue’s holdings in Expeditors International of Washington were worth $1,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPD. Ieq Capital LLC boosted its holdings in Expeditors International of Washington by 8.0% in the 4th quarter. Ieq Capital LLC now owns 14,056 shares of the transportation company’s stock worth $1,557,000 after acquiring an additional 1,045 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Expeditors International of Washington by 5.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,951 shares of the transportation company’s stock worth $327,000 after acquiring an additional 148 shares during the period. Allianz Asset Management GmbH boosted its holdings in Expeditors International of Washington by 29.0% in the 4th quarter. Allianz Asset Management GmbH now owns 296,545 shares of the transportation company’s stock worth $32,848,000 after acquiring an additional 66,601 shares during the period. Black Diamond Financial LLC boosted its holdings in Expeditors International of Washington by 15.3% in the 4th quarter. Black Diamond Financial LLC now owns 2,016 shares of the transportation company’s stock worth $223,000 after acquiring an additional 268 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Expeditors International of Washington by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 983,996 shares of the transportation company’s stock worth $108,997,000 after acquiring an additional 53,738 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Susquehanna upped their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. UBS Group reduced their target price on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Barclays reduced their target price on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, May 7th. Truist Financial reduced their target price on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Finally, TD Cowen reduced their target price on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington Stock Up 0.7%

Expeditors International of Washington stock opened at $114.42 on Tuesday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 5.00 and a beta of 1.07. The firm has a 50-day moving average price of $111.84 and a two-hundred day moving average price of $113.43.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.77 per share. This represents a dividend yield of 1.4%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. 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.