Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Sovran Advisors LLC

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Expeditors International of Washington during the first quarter worth about $26,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the 4th quarter valued at approximately $25,000. SRS Capital Advisors Inc. raised its holdings 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 last quarter. Garde Capital Inc. purchased a new stake in shares of Expeditors International of Washington in the 1st quarter worth about $37,000. Finally, Colonial Trust Co SC lifted its holdings 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 purchasing an additional 130 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EXPD shares. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Barclays lowered 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. Susquehanna boosted their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Truist Financial lowered their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report 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 on the stock in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Trading Up 1.3%

Shares of NASDAQ:EXPD opened at $115.07 on Monday. The firm has a market cap of $15.76 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 12-month low of $88.00 and a 12-month high of $131.59. The company has a fifty day simple moving average of $112.37 and a 200 day simple moving average of $113.24.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.77 dividend. This represents a yield of 1.4%. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. 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.

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