Advisors Preferred LLC Invests $711,000 in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Advisors Preferred LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,817 shares of the transportation company's stock, valued at approximately $711,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $26,000. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $37,000. Colonial Trust Co SC boosted its stake in shares of Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXPD. Robert W. Baird began coverage on Expeditors International of Washington in a research report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Truist Financial boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. TD Cowen cut their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Finally, Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD traded down $0.26 during mid-day trading on Friday, hitting $116.58. The company had a trading volume of 912,467 shares, compared to its average volume of 1,371,896. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 5.00 and a beta of 1.07. The firm's 50 day simple moving average is $114.47 and its two-hundred day simple moving average is $113.72.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio (DPR) is 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.