Banque Cantonale Vaudoise Buys New Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Banque Cantonale Vaudoise has acquired a stake worth approximately $1.41 million in Expeditors International of Washington, purchasing 11,760 shares in the first quarter.
• Expeditors International recently announced a dividend increase, with a semi-annual dividend of $0.77, reflecting a 1.4% yield.
• Several research analysts have revised their price targets for Expeditors International, with a consensus target price of $113.89 and a current average rating of "Hold".

Banque Cantonale Vaudoise purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,760 shares of the transportation company's stock, valued at approximately $1,414,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Expeditors International of Washington in the fourth quarter valued at about $107,863,000. First Trust Advisors LP boosted its position in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after purchasing an additional 690,539 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock worth $61,021,000 after purchasing an additional 503,833 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Expeditors International of Washington by 19.7% in the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock worth $253,490,000 after purchasing an additional 376,689 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Expeditors International of Washington during the fourth quarter worth $36,865,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 1.3%

Shares of EXPD traded down $1.50 during midday trading on Friday, reaching $114.74. The stock had a trading volume of 1,587,511 shares, compared to its average volume of 1,379,782. The company's 50-day moving average is $114.44 and its 200 day moving average is $113.82. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.77 dividend. This represents a dividend yield of 140.0%. The ex-dividend date was Monday, June 2nd. This is an increase 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price on the stock. Truist Financial lifted 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. Barclays lowered their target price 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. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Finally, UBS Group decreased 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. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $113.89.

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.