Alpine Global Management LLC Buys Shares of 4,551 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alpine Global Management LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 4,551 shares of the transportation company's stock, valued at approximately $504,000.

A number of other large investors have also recently made changes to their positions in the stock. NDVR Inc. lifted its position in shares of Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after buying an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its position in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after buying an additional 100 shares in the last quarter. Manchester Capital Management LLC raised its stake in Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock valued at $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC raised its stake in Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock valued at $2,101,000 after purchasing an additional 112 shares during the period. Finally, OLD National Bancorp IN raised its stake in Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after purchasing an additional 113 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 1.7%

Shares of EXPD stock traded up $1.97 during trading hours on Tuesday, hitting $114.43. 1,515,728 shares of the company's stock were exchanged, compared to its average volume of 1,292,799. The firm has a market cap of $15.67 billion, a P/E ratio of 20.00, a P/E/G ratio of 5.00 and a beta of 1.09. The firm has a 50 day moving average of $112.00 and a two-hundred day moving average of $114.44. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week 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 paid a dividend of $0.77 per share. This represents a dividend yield of 1.4%. This is an increase 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 presently 25.58%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Cowen decreased their target price 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. Barclays reduced their price objective 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. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, 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. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $113.89.

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.