DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 56.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,845 shares of the transportation company's stock after selling 2,414 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Expeditors International of Washington were worth $204,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Azimuth Capital Investment Management LLC lifted its holdings in Expeditors International of Washington by 4.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock worth $260,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after buying an additional 103 shares during the last quarter. Chapman Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 0.6% in the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after buying an additional 112 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after buying an additional 113 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock worth $86,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EXPD shares. Truist Financial cut their price objective 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. Barclays decreased their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. StockNews.com downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Susquehanna lifted 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 report on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $113.89.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated 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 approximately $857,571.84. This represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Up 2.7%

Shares of EXPD traded up $3.10 during mid-day trading on Friday, hitting $118.10. 3,300,514 shares of the company traded hands, compared to its average volume of 1,284,073. The company has a market capitalization of $16.17 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business has a 50 day moving average of $112.24 and a 200 day moving average of $114.75. 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 declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

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.