Benjamin Edwards Inc. Buys 3,762 Shares of Expeditors International of Washington, Inc. $EXPD

Benjamin Edwards Inc. raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,467 shares of the transportation company’s stock after acquiring an additional 3,762 shares during the period. Benjamin Edwards Inc.’s holdings in Expeditors International of Washington were worth $8,149,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Expeditors International of Washington during the second quarter valued at about $111,222,000. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 17.1% during the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after buying an additional 918,108 shares during the last quarter. First Trust Advisors LP boosted its stake in Expeditors International of Washington by 19.3% during the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after buying an additional 335,578 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Expeditors International of Washington during the 2nd quarter valued at approximately $21,493,000. Finally, Acadian Asset Management LLC increased its stake in Expeditors International of Washington by 158.4% in the 2nd quarter. Acadian Asset Management LLC now owns 201,015 shares of the transportation company’s stock worth $22,963,000 after acquiring an additional 123,223 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of a number of research reports. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. TD Cowen increased their price objective 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. Morgan Stanley lifted their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday, November 5th. Finally, Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $128.80.

Expeditors International of Washington Trading Up 0.7%

EXPD stock opened at $157.93 on Friday. The stock has a market cap of $21.17 billion, a PE ratio of 27.61, a P/E/G ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $158.91. The company has a 50-day moving average price of $146.23 and a 200 day moving average price of $128.26.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.77 per share. 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%.

Insider Buying and Selling

In other news, Director Mark A. Emmert sold 5,400 shares of the 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 directly owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’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 sale, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.69% of the company’s stock.

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.