Board of the Pension Protection Fund Reduces Holdings in Expeditors International of Washington, Inc. $EXPD

Board of the Pension Protection Fund lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 85.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,700 shares of the transportation company’s stock after selling 10,000 shares during the quarter. Board of the Pension Protection Fund’s holdings in Expeditors International of Washington were worth $208,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Clifford Swan Investment Counsel LLC lifted its stake in Expeditors International of Washington by 18.0% during the second quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock worth $8,136,000 after purchasing an additional 10,858 shares during the last quarter. American Century Companies Inc. increased its position in shares of Expeditors International of Washington by 48.0% during the 2nd quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after purchasing an additional 118,114 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Expeditors International of Washington by 7.2% during the 2nd quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock valued at $9,437,000 after buying an additional 5,537 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Expeditors International of Washington in the 2nd quarter worth approximately $21,493,000. Finally, Edgestream Partners L.P. bought a new position in Expeditors International of Washington during the second quarter valued at approximately $3,359,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on EXPD. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their target price for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Finally, Truist Financial raised their price target on 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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $128.80.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Up 1.4%

Shares of EXPD stock opened at $152.80 on Friday. The business’s fifty day moving average is $136.68 and its 200 day moving average is $124.53. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $155.04.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.77 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s dividend payout ratio is presently 25.12%.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.