Two Sigma Advisers LP Purchases 243,200 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Two Sigma Advisers LP lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 57.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 669,700 shares of the transportation company's stock after acquiring an additional 243,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.48% of Expeditors International of Washington worth $74,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 32.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after acquiring an additional 987,233 shares during the last quarter. Boston Partners increased its stake in shares of Expeditors International of Washington by 29.7% in the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after acquiring an additional 869,637 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Expeditors International of Washington by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after acquiring an additional 57,736 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Expeditors International of Washington by 33.8% in the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after acquiring an additional 690,539 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Expeditors International of Washington by 10.6% in the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after acquiring an additional 235,409 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of 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. 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. UBS Group cut their target price on 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. Barclays lowered their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. Finally, Truist Financial lowered their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded down $1.14 during mid-day trading on Friday, reaching $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 PE ratio of 19.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The company's fifty day moving average is $112.08 and its two-hundred day moving average is $114.53. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

Expeditors International of Washington 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.