Compass Capital Management Inc. Purchases 20,459 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Compass Capital Management Inc. grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 495,801 shares of the transportation company's stock after acquiring an additional 20,459 shares during the period. Expeditors International of Washington accounts for approximately 3.9% of Compass Capital Management Inc.'s holdings, making the stock its 15th largest position. Compass Capital Management Inc. owned about 0.36% of Expeditors International of Washington worth $59,620,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP grew its holdings in Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock valued at $732,000 after buying an additional 1,216 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Expeditors International of Washington by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock valued at $8,459,000 after acquiring an additional 20,658 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $13,008,000. Focus Partners Wealth acquired a new stake in shares of Expeditors International of Washington in the fourth quarter worth $432,000. Finally, Jones Financial Companies Lllp increased its position in Expeditors International of Washington by 11.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company's stock worth $147,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen cut their target price on shares of 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. Barclays cut their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Truist Financial reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. UBS Group dropped their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Stock Down 0.7%

Expeditors International of Washington stock traded down $0.76 during mid-day trading on Wednesday, hitting $113.05. 1,001,092 shares of the company were exchanged, compared to its average volume of 1,416,648. The company has a market capitalization of $15.48 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The business has a fifty day moving average of $111.57 and a 200 day moving average of $113.68. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. 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 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.