Brevan Howard Capital Management LP Purchases New Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Brevan Howard Capital Management LP acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,980 shares of the transportation company's stock, valued at approximately $2,435,000.

Several other large investors have also modified their holdings of the stock. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $107,863,000. Boston Partners boosted its stake in shares of Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after buying an additional 869,637 shares during the period. First Trust Advisors LP increased its position in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after acquiring an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth approximately $55,036,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Buying and Selling

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The sale 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.

Expeditors International of Washington Stock Down 0.9 %

Shares of NASDAQ:EXPD traded down $0.97 during midday trading on Friday, reaching $109.27. The company's stock had a trading volume of 916,044 shares, compared to its average volume of 1,271,571. The firm 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 business has a 50 day moving average price of $112.78 and a 200 day moving average price of $114.85. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 1.4%. This is an increase 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EXPD shares. Susquehanna upped their price target on 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. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. UBS Group dropped their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday. Finally, StockNews.com lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $113.70.

Expeditors International of Washington Company 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.