Worldquant Millennium Advisors LLC Acquires 140,030 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Worldquant Millennium Advisors LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3,471.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,064 shares of the transportation company's stock after purchasing an additional 140,030 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.10% of Expeditors International of Washington worth $15,958,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $25,000. SRS Capital Advisors Inc. grew its stake in Expeditors International of Washington by 431.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $39,000. Colonial Trust Co SC grew its stake in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna raised their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Wall Street Zen cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. UBS Group reduced 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 note on Wednesday, May 7th. Truist Financial reduced their price objective on 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. Finally, TD Cowen reduced their price objective on 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. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Trading Down 1.0%

Shares of NASDAQ:EXPD traded down $1.14 during mid-day trading on Friday, hitting $112.55. 1,102,868 shares of the company traded hands, compared to its average volume of 1,291,888. The stock has a market cap of $15.41 billion, a P/E ratio of 19.68, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The stock has a 50-day moving average price of $112.08 and a two-hundred day moving average price of $114.53.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be 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 is Monday, June 2nd. This represents a dividend yield of 1.4%. Expeditors International of Washington's payout ratio is presently 25.58%.

About Expeditors International of Washington

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.