Alps Advisors Inc. Increases Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Alps Advisors Inc. lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 29.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,927 shares of the transportation company's stock after acquiring an additional 3,180 shares during the quarter. Alps Advisors Inc.'s holdings in Expeditors International of Washington were worth $1,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EXPD. Norges Bank bought a new position in Expeditors International of Washington in the 4th quarter valued at $107,863,000. Boston Partners boosted its holdings in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after buying an additional 869,637 shares during the last quarter. First Trust Advisors LP grew its position in Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after buying an additional 690,539 shares during the period. GAMMA Investing LLC increased its holdings in Expeditors International of Washington by 13,910.4% during the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock worth $61,021,000 after buying an additional 503,833 shares during the last quarter. Finally, Northern Trust Corp raised its position in Expeditors International of Washington by 19.7% in the fourth quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock worth $253,490,000 after acquiring an additional 376,689 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EXPD shares. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Bank of America downgraded Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their target price for the stock from $117.00 to $118.00 in a research report on Friday. Truist Financial upped their price target on 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. Finally, TD Cowen decreased their price objective 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. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Stock Down 3.0%

EXPD stock opened at $115.69 on Friday. 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 PE ratio of 20.23, a PEG ratio of 5.00 and a beta of 1.07. The stock has a 50-day simple moving average of $114.10 and a two-hundred day simple moving average of $113.50.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid 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 of this dividend was 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.

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