Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 41.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,381 shares of the transportation company's stock after buying an additional 12,502 shares during the quarter. Quantinno Capital Management LP's holdings in Expeditors International of Washington were worth $4,695,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EXPD. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. increased its holdings in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington in the 4th quarter worth approximately $39,000. Colonial Trust Co SC raised its position in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after buying an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Barclays decreased 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 lowered their target price on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Down 2.6%

Shares of NASDAQ:EXPD traded down $3.00 during trading on Wednesday, reaching $113.40. 1,389,004 shares of the company's stock traded hands, compared to its average volume of 1,288,486. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The company has a 50-day simple moving average of $112.27 and a 200-day simple moving average of $114.68. The firm has a market cap of $15.53 billion, a PE ratio of 19.83, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

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

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. The trade was a 14.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.69% of the company's stock.

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.