Edgestream Partners L.P. Makes New $3.36 Million Investment in Expeditors International of Washington, Inc. $EXPD

Edgestream Partners L.P. bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,397 shares of the transportation company’s stock, valued at approximately $3,359,000.

Several other large investors have also modified their holdings of the stock. First Eagle Investment Management LLC increased its holdings in Expeditors International of Washington by 17.1% in 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 buying an additional 918,108 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Expeditors International of Washington by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after acquiring an additional 83,366 shares in the last quarter. Boston Partners increased its holdings in shares of Expeditors International of Washington by 13.1% in the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after acquiring an additional 498,212 shares during the last quarter. Invesco Ltd. raised its position in shares of 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 acquiring an additional 576,468 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Expeditors International of Washington by 4.8% during the 1st quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock valued at $221,874,000 after acquiring an additional 84,556 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. TD Cowen boosted their price objective on shares of 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. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday, November 5th. Finally, UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $166.00 in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $131.89.

Expeditors International of Washington Stock Up 1.1%

Shares of NASDAQ:EXPD opened at $148.09 on Thursday. The company’s 50-day moving average price is $129.56 and its 200 day moving average price is $121.40. The company has a market cap of $19.85 billion, a PE ratio of 25.89, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $148.66.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.77 per share. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s payout ratio is 25.12%.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% 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.

About Expeditors International of Washington

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.