Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,943 shares of the transportation company's stock after acquiring an additional 22,653 shares during the quarter. Rhumbline Advisers owned about 0.23% of Expeditors International of Washington worth $38,112,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

EXPD has been the subject of a number of recent analyst reports. Truist Financial cut 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 report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Susquehanna boosted 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 note on Monday, March 3rd. Wall Street Zen downgraded shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Finally, Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded up $1.21 during mid-day trading on Friday, reaching $112.36. The company's stock had a trading volume of 1,029,982 shares, compared to its average volume of 1,268,289. The stock has a market cap of $15.39 billion, a P/E ratio of 19.64, a P/E/G ratio of 5.00 and a beta of 1.07. The company's fifty day simple moving average is $111.01 and its two-hundred day simple moving average is $114.10. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

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