Cerity Partners LLC Raises Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cerity Partners LLC raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,729 shares of the transportation company's stock after purchasing an additional 3,124 shares during the quarter. Cerity Partners LLC owned 0.06% of Expeditors International of Washington worth $9,227,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Alps Advisors Inc. raised its position in shares of Expeditors International of Washington by 29.6% during the first quarter. Alps Advisors Inc. now owns 13,927 shares of the transportation company's stock valued at $1,675,000 after buying an additional 3,180 shares during the last quarter. Leavell Investment Management Inc. raised its position in shares of Expeditors International of Washington by 12.0% during the first quarter. Leavell Investment Management Inc. now owns 9,000 shares of the transportation company's stock valued at $1,082,000 after buying an additional 962 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Expeditors International of Washington by 23.5% during the first quarter. Nisa Investment Advisors LLC now owns 19,305 shares of the transportation company's stock valued at $2,321,000 after buying an additional 3,678 shares during the last quarter. Banque Pictet & Cie SA raised its position in shares of Expeditors International of Washington by 2.3% during the first quarter. Banque Pictet & Cie SA now owns 73,991 shares of the transportation company's stock valued at $8,897,000 after buying an additional 1,655 shares during the last quarter. Finally, Greenleaf Trust raised its position in shares of Expeditors International of Washington by 2.5% during the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen reduced their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Truist Financial boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research report on Monday, June 30th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. UBS Group reduced their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays reduced 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. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Stock Down 0.7%

EXPD stock opened at $114.98 on Tuesday. 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 capitalization of $15.75 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The firm's fifty day simple moving average is $114.10 and its two-hundred day simple moving average is $113.51.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.77 per share. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's payout ratio is 25.58%.

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.

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