Baird Financial Group Inc. Buys 38,177 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Baird Financial Group Inc. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,760,546 shares of the transportation company's stock after acquiring an additional 38,177 shares during the quarter. Baird Financial Group Inc. owned 1.26% of Expeditors International of Washington worth $195,016,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC bought a new position in Expeditors International of Washington in the 4th quarter valued at approximately $25,000. SRS Capital Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the fourth quarter worth approximately $39,000. Parvin Asset Management LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $42,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Expeditors International of Washington during the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD stock traded up $1.77 during trading on Wednesday, hitting $107.95. 3,163,200 shares of the company traded hands, compared to its average volume of 1,270,377. The company has a 50-day moving average of $113.13 and a 200-day moving average of $115.02. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The firm has a market capitalization of $14.87 billion, a PE ratio of 18.87, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a 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 (DPR) is 25.52%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXPD. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Bank of America dropped their price objective on 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. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, Truist Financial dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus target price of $113.70.

Insider Transactions at Expeditors International of Washington

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 value of $146,925.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.69% of the company's stock.

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.