Ascent Group LLC Acquires 7,257 Shares of Expeditors International of Washington, Inc. $EXPD

Ascent Group LLC raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 237.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,315 shares of the transportation company’s stock after acquiring an additional 7,257 shares during the quarter. Ascent Group LLC’s holdings in Expeditors International of Washington were worth $1,265,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EXPD. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington during the second quarter worth about $34,000. Ransom Advisory Ltd acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth about $41,000. CYBER HORNET ETFs LLC bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at about $43,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.6%

EXPD opened at $149.24 on Friday. The stock has a market capitalization of $20.00 billion, a P/E ratio of 26.09, a P/E/G ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $155.04. The firm’s fifty day simple moving average is $142.56 and its 200 day simple moving average is $126.81.

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 $0.77 dividend. This represents a dividend yield of 105.0%. The ex-dividend date was Monday, December 1st. Expeditors International of Washington’s payout ratio is 25.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Truist Financial upped 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. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, TD Cowen increased their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and a consensus target price of $128.80.

Insider Activity

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the business’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 value of $730,350.00. Following the sale, the director owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the company’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 value of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This trade represents 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.

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.