Expeditors International of Washington, Inc. $EXPD Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,080 shares of the transportation company’s stock after selling 4,311 shares during the period. Confluence Investment Management LLC owned about 0.13% of Expeditors International of Washington worth $21,708,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. First Eagle Investment Management LLC boosted its stake in shares of Expeditors International of Washington by 17.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after purchasing an additional 918,108 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Expeditors International of Washington by 1.5% in the second 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 during the last quarter. First Trust Advisors LP increased its position in Expeditors International of Washington by 19.3% during the 2nd quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock worth $237,337,000 after purchasing an additional 335,578 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Expeditors International of Washington by 5.0% in the second quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock worth $221,339,000 after acquiring an additional 92,222 shares in the last quarter. Finally, Marshfield Associates increased its holdings in Expeditors International of Washington by 0.8% in the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock valued at $221,470,000 after purchasing an additional 14,127 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the 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 sale, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. This trade represents a 19.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction dated Friday, November 7th. The shares were 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 in the company, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Up 0.1%

Shares of EXPD stock opened at $153.02 on Tuesday. The company has a market cap of $20.51 billion, a P/E ratio of 26.75, a PEG ratio of 5.00 and a beta of 1.15. The business has a 50 day moving average of $137.46 and a two-hundred day moving average of $124.91. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $155.04.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. Bank of America upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective for the company in a research note on Wednesday, November 5th. TD Cowen increased 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. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Truist Financial boosted their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Reduce” and a consensus target price of $128.80.

Expeditors International of Washington Profile

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.