Camrose Capital Investment Partners LLP Takes $9.16 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Camrose Capital Investment Partners LLP purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 82,648 shares of the transportation company's stock, valued at approximately $9,155,000. Expeditors International of Washington accounts for about 10.1% of Camrose Capital Investment Partners LLP's portfolio, making the stock its 7th biggest holding. Camrose Capital Investment Partners LLP owned about 0.06% of Expeditors International of Washington at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EXPD. Franklin Resources Inc. increased its stake in Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Pensionfund Sabic acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $1,329,000. Drystone LLC purchased a new stake in Expeditors International of Washington during the fourth quarter worth about $5,925,000. Allworth Financial LP grew its stake in Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock worth $732,000 after purchasing an additional 1,216 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in Expeditors International of Washington by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock valued at $8,459,000 after buying an additional 20,658 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EXPD. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Susquehanna upped their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Stifel Nicolaus lowered their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Bank of America cut their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Barclays cut their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and a consensus price target of $113.70.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares of the company's stock, valued at $857,571.84. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded down $0.97 during midday trading on Friday, hitting $109.27. The company's stock had a trading volume of 916,044 shares, compared to its average volume of 1,270,174. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company has a 50-day moving average price of $112.78 and a two-hundred day moving average price of $114.88. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.77 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's payout ratio is currently 25.52%.

About Expeditors International of Washington

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.