3,879 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,879 shares of the transportation company's stock, valued at approximately $430,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $25,000. SRS Capital Advisors Inc. boosted its position in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $39,000. Colonial Trust Co SC boosted its position in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays decreased their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. TD Cowen decreased their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Bank of America decreased their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. UBS Group decreased their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and a consensus price target of $113.70.

Expeditors International of Washington Trading Down 0.9%

Shares of EXPD stock opened at $109.27 on Monday. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock has a 50 day simple moving average of $112.78 and a 200-day simple moving average of $114.81. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company's stock.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

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