Asset Management One Co. Ltd. Has $8.76 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Asset Management One Co. Ltd. lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,825 shares of the transportation company's stock after selling 3,092 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of Expeditors International of Washington worth $8,757,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. NDVR Inc. lifted its stake in Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after acquiring an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 4.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after purchasing an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Expeditors International of Washington by 11.2% in the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock worth $132,000 after purchasing an additional 109 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Expeditors International of Washington by 17.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company's stock worth $86,000 after purchasing an additional 114 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Expeditors International of Washington by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 3,848 shares of the transportation company's stock worth $426,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on EXPD shares. Barclays cut 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. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. UBS Group reduced their price target on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. TD Cowen decreased their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research note on Wednesday, May 7th. Finally, Truist Financial dropped 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 analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Price Performance

NASDAQ EXPD traded up $1.47 during trading on Friday, reaching $115.07. 1,967,320 shares of the company's stock were exchanged, compared to its average volume of 1,247,912. The business has a 50 day moving average price of $112.37 and a 200-day moving average price of $113.28. The stock has a market capitalization of $15.76 billion, a P/E ratio of 20.12, a PEG ratio of 5.00 and a beta of 1.07. 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 business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.77 per share. This represents a dividend yield of 1.4%. 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. Expeditors International of Washington's dividend payout ratio (DPR) 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.