Bessemer Group Inc. Has $1.71 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bessemer Group Inc. cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 55.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,217 shares of the transportation company's stock after selling 17,513 shares during the period. Bessemer Group Inc.'s holdings in Expeditors International of Washington were worth $1,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPD. First Eagle Investment Management LLC lifted its holdings in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after purchasing an additional 987,233 shares during the last quarter. Norges Bank purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at $107,863,000. Boston Partners raised its position in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after buying an additional 869,637 shares during the period. First Trust Advisors LP lifted its stake in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after acquiring an additional 690,539 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in 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 acquiring an additional 503,833 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.7%

Expeditors International of Washington stock traded up $0.86 on Wednesday, reaching $118.84. 426,174 shares of the stock were exchanged, compared to its average volume of 1,244,988. The firm has a fifty day moving average price of $112.77 and a two-hundred day moving average price of $113.24. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The stock has a market cap of $16.27 billion, a PE ratio of 20.83, a PEG ratio of 5.00 and a beta of 1.07.

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 given a $0.77 dividend. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

Analyst Ratings Changes

EXPD has been the subject of a number of research analyst reports. TD Cowen reduced their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday. Robert W. Baird began coverage on shares of Expeditors International of Washington in a report on Tuesday. They set a "neutral" rating and a $124.00 price target on the stock. Barclays cut their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Finally, Truist Financial boosted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $114.22.

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.