Genus Capital Management Inc. Buys Shares of 33,200 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Genus Capital Management Inc. purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,200 shares of the transportation company's stock, valued at approximately $3,992,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Expeditors International of Washington by 53.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after acquiring an additional 56,008 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Expeditors International of Washington by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock valued at $1,971,000 after buying an additional 430 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Expeditors International of Washington by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,546 shares of the transportation company's stock valued at $667,000 after buying an additional 834 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Expeditors International of Washington in the first quarter valued at about $200,000. Finally, DAVENPORT & Co LLC acquired a new position in Expeditors International of Washington in the first quarter valued at about $203,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Barclays reduced their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research report on Wednesday, May 7th. TD Cowen reduced their target price on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their target price for the stock from $117.00 to $118.00 in a research report on Friday. Finally, Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Stock Down 3.0%

NASDAQ EXPD traded down $3.56 during trading hours on Friday, hitting $115.69. The company's stock had a trading volume of 1,486,589 shares, compared to its average volume of 1,248,732. The stock has a fifty day moving average of $114.10 and a 200 day moving average of $113.48. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a market capitalization of $15.84 billion, a P/E ratio of 20.23, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

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