AXQ Capital LP Raises Stock Position in Expeditors International of Washington, Inc. $EXPD

AXQ Capital LP lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 347.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,015 shares of the transportation company’s stock after purchasing an additional 7,002 shares during the period. AXQ Capital LP’s holdings in Expeditors International of Washington were worth $1,030,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of EXPD. First Eagle Investment Management LLC boosted its position in shares of Expeditors International of Washington by 17.1% during the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares in the last quarter. Invesco Ltd. increased its stake in Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after purchasing an additional 576,468 shares in the last quarter. Boston Partners raised its holdings in Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after buying an additional 498,212 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Expeditors International of Washington by 516.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after buying an additional 482,814 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at $43,816,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 3.7%

EXPD opened at $143.39 on Friday. The stock has a 50-day moving average of $125.67 and a 200 day moving average of $119.44. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $143.83. The firm has a market cap of $19.22 billion, a P/E ratio of 25.07, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a report on Wednesday, November 5th. Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. Stifel Nicolaus increased 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, November 6th. TD Cowen lifted their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Finally, Truist Financial boosted their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $131.89.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Company 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.