Envestnet Portfolio Solutions Inc. Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Envestnet Portfolio Solutions Inc. grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 144.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,655 shares of the transportation company's stock after purchasing an additional 6,886 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Expeditors International of Washington were worth $1,402,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in Expeditors International of Washington by 53.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 160,855 shares of the transportation company's stock valued at $19,343,000 after buying an additional 56,008 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Expeditors International of Washington by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 16,392 shares of the transportation company's stock worth $1,971,000 after acquiring an additional 430 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Expeditors International of Washington in the 1st quarter worth $200,000. Farther Finance Advisors LLC boosted its holdings 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 valued at $132,000 after acquiring an additional 109 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth about $13,008,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Barclays reduced their price target 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. TD Cowen dropped their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. UBS Group cut their price objective 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. Finally, Truist Financial decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Stock Down 1.6%

NASDAQ EXPD traded down $1.79 during mid-day trading on Wednesday, hitting $112.37. The stock had a trading volume of 978,168 shares, compared to its average volume of 1,248,104. The company has a 50 day simple moving average of $112.06 and a 200 day simple moving average of $113.42. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is 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.