Centiva Capital LP Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Centiva Capital LP raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 249.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,264 shares of the transportation company's stock after purchasing an additional 5,186 shares during the period. Centiva Capital LP's holdings in Expeditors International of Washington were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC lifted its position in shares of Expeditors International of Washington by 2.4% during the third quarter. Barclays PLC now owns 571,548 shares of the transportation company's stock worth $75,099,000 after acquiring an additional 13,479 shares in the last quarter. World Investment Advisors LLC bought a new position in Expeditors International of Washington in the third quarter valued at $222,000. Wilmington Savings Fund Society FSB bought a new position in Expeditors International of Washington in the third quarter valued at $57,000. Franklin Resources Inc. grew its stake in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after buying an additional 30,785 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Expeditors International of Washington by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company's stock valued at $152,559,000 after buying an additional 4,044 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Susquehanna raised their target price 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. Barclays cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Finally, StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $113.70.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now directly 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 the SEC website. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Down 0.7%

EXPD stock traded down $0.77 during mid-day trading on Tuesday, hitting $115.31. The company had a trading volume of 1,210,911 shares, compared to its average volume of 1,273,551. The company has a 50-day moving average price of $112.74 and a 200 day moving average price of $114.79. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 5.00 and a beta of 1.09. 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 firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. 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. The ex-dividend date of this dividend is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

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.