Burney Co. Increases Holdings in Expeditors International of Washington, Inc. $EXPD

Burney Co. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,868 shares of the transportation company’s stock after acquiring an additional 3,806 shares during the quarter. Burney Co. owned approximately 0.06% of Expeditors International of Washington worth $9,668,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burns Matteson Capital Management LLC acquired a new position in Expeditors International of Washington in the third quarter valued at approximately $443,000. Avanza Fonder AB raised its holdings in Expeditors International of Washington by 46.5% during the third quarter. Avanza Fonder AB now owns 16,447 shares of the transportation company’s stock worth $2,016,000 after purchasing an additional 5,224 shares in the last quarter. World Investment Advisors lifted its position in shares of Expeditors International of Washington by 1.7% during the 3rd quarter. World Investment Advisors now owns 7,319 shares of the transportation company’s stock worth $897,000 after buying an additional 120 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of Expeditors International of Washington by 11.8% in the 3rd quarter. Global X Japan Co. Ltd. now owns 6,177 shares of the transportation company’s stock valued at $757,000 after buying an additional 650 shares in the last quarter. Finally, Berger Financial Group Inc grew its position in shares of Expeditors International of Washington by 0.4% in the 3rd quarter. Berger Financial Group Inc now owns 50,862 shares of the transportation company’s stock valued at $6,235,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, 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 value of $730,350.00. Following the sale, the director owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXPD. TD Cowen boosted their price target 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. 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 report on Monday, November 17th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Truist Financial lifted their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Finally, Barclays increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $128.80.

Expeditors International of Washington Stock Up 0.5%

EXPD opened at $152.30 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $155.04. The business has a 50 day moving average price of $140.14 and a two-hundred day moving average price of $125.83. The company has a market cap of $20.41 billion, a PE ratio of 26.63, a P/E/G ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.77 dividend. This represents a yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is 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.