Exchange Traded Concepts LLC Raises Position in Expeditors International of Washington, Inc. $EXPD

Exchange Traded Concepts LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 59.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,773 shares of the transportation company’s stock after acquiring an additional 19,369 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Expeditors International of Washington were worth $6,347,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its position in shares of Expeditors International of Washington by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 298,837 shares of the transportation company’s stock worth $35,935,000 after buying an additional 5,358 shares in the last quarter. Compound Planning Inc. bought a new position in Expeditors International of Washington during the 1st quarter valued at $236,000. Comerica Bank grew its holdings in Expeditors International of Washington by 17.6% during the 1st quarter. Comerica Bank now owns 40,081 shares of the transportation company’s stock worth $4,820,000 after acquiring an additional 5,992 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Expeditors International of Washington by 26.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,013,337 shares of the transportation company’s stock worth $121,854,000 after purchasing an additional 209,847 shares during the last quarter. Finally, Redwood Investment Management LLC raised its stake in shares of Expeditors International of Washington by 347.0% in the 1st quarter. Redwood Investment Management LLC now owns 10,849 shares of the transportation company’s stock valued at $1,305,000 after purchasing an additional 8,422 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 6,468 shares in the company, valued at $874,797. This trade represents a 45.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. The trade was a 19.61% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. TD Cowen boosted their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday, November 5th. Barclays boosted their target price on shares of 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 shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target on the stock in a research report on Wednesday, November 5th. Truist Financial boosted their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. One research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $128.80.

Expeditors International of Washington Price Performance

EXPD opened at $151.65 on Wednesday. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $155.04. The business has a 50 day moving average price of $138.15 and a two-hundred day moving average price of $125.19.

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington Company 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.