Achmea Investment Management B.V. Increases Position in Expeditors International of Washington, Inc. $EXPD

Achmea Investment Management B.V. lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 52.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,120 shares of the transportation company’s stock after acquiring an additional 5,198 shares during the period. Achmea Investment Management B.V.’s holdings in Expeditors International of Washington were worth $1,728,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in EXPD. Zions Bancorporation National Association UT bought a new position in Expeditors International of Washington in the first quarter worth about $30,000. Atlantic Union Bankshares Corp purchased a new position in Expeditors International of Washington in the second quarter worth $34,000. Ransom Advisory Ltd purchased a new position in Expeditors International of Washington during the 1st quarter worth $41,000. Twin Tree Management LP purchased a new position in Expeditors International of Washington during the 1st quarter worth $42,000. Finally, Carderock Capital Management Inc. acquired a new position in Expeditors International of Washington during the 2nd quarter valued at about $46,000. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group raised their target price on Expeditors International of Washington from $120.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Finally, Truist Financial lifted their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average price target of $128.78.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.69% of the stock is owned by insiders.

Expeditors International of Washington Trading Up 2.0%

NASDAQ EXPD opened at $137.28 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $140.72. The stock has a 50-day moving average of $121.97 and a 200 day moving average of $117.31. The stock has a market capitalization of $18.63 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.77 dividend. This represents a yield of 113.0%. The ex-dividend date is Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 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.