Allspring Global Investments Holdings LLC Has $10.95 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Allspring Global Investments Holdings LLC lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 37.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,593 shares of the transportation company's stock after selling 53,163 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of Expeditors International of Washington worth $10,952,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new position in Expeditors International of Washington in the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. grew its position in shares of Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after purchasing an additional 190 shares during the period. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington during the 1st quarter worth approximately $26,000. Garde Capital Inc. acquired a new position in Expeditors International of Washington during the 1st quarter worth approximately $37,000. Finally, Colonial Trust Co SC boosted its position in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the topic of several analyst reports. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday. They set a "neutral" rating and a $124.00 target price on the stock. Barclays reduced their price target 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, May 7th. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday. UBS Group cut 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 report on Wednesday, May 7th. Finally, TD Cowen lowered their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $114.22.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $118.30 on Friday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The firm has a market capitalization of $16.20 billion, a P/E ratio of 20.68, a PEG ratio of 5.00 and a beta of 1.07. The business has a fifty day moving average of $113.16 and a 200 day moving average of $113.29.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's 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.

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