Sovran Advisors LLC Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Sovran Advisors LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 55.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,756 shares of the transportation company's stock after acquiring an additional 2,765 shares during the quarter. Sovran Advisors LLC's holdings in Expeditors International of Washington were worth $933,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its position in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank bought a new position in Expeditors International of Washington in the fourth quarter worth approximately $107,863,000. Boston Partners lifted its holdings in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after buying an additional 869,637 shares during the period. First Trust Advisors LP boosted its position in Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock valued at $302,936,000 after acquiring an additional 690,539 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after acquiring an additional 503,833 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock traded down $0.78 during trading on Thursday, reaching $118.30. The company had a trading volume of 616,682 shares, compared to its average volume of 1,245,404. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The firm has a 50-day simple moving average of $113.02 and a 200-day simple moving average of $113.28.

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 $0.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Robert W. Baird started coverage on Expeditors International of Washington in a research report on Tuesday. They issued a "neutral" rating and a $124.00 price target for the company. Truist Financial boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday. Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday. UBS Group lowered their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays reduced 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 note on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $114.22.

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.