DekaBank Deutsche Girozentrale Boosts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

DekaBank Deutsche Girozentrale grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 814,261 shares of the transportation company's stock after acquiring an additional 10,454 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.59% of Expeditors International of Washington worth $95,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Personal CFO Solutions LLC bought a new position in shares of Expeditors International of Washington during the first quarter valued at $272,000. Brown Advisory Inc. boosted its holdings in Expeditors International of Washington by 2.4% during the 1st quarter. Brown Advisory Inc. now owns 10,390 shares of the transportation company's stock valued at $1,249,000 after acquiring an additional 246 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Expeditors International of Washington by 17.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,012,257 shares of the transportation company's stock worth $121,724,000 after purchasing an additional 147,871 shares during the last quarter. Penserra Capital Management LLC raised its stake in Expeditors International of Washington by 652.5% in the first quarter. Penserra Capital Management LLC now owns 7,517 shares of the transportation company's stock valued at $903,000 after buying an additional 6,518 shares during the last quarter. Finally, Hendley & Co. Inc. raised its stake in shares of Expeditors International of Washington by 1.1% in the first quarter. Hendley & Co. Inc. now owns 36,445 shares of the transportation company's stock worth $4,383,000 after purchasing an additional 400 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on EXPD shares. Barclays decreased their price target on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Robert W. Baird initiated coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price on the stock. UBS Group cut 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. Baird R W upgraded Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Finally, TD Cowen decreased their price target on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research note on Wednesday, May 7th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Stock Performance

Shares of EXPD traded down $3.56 during trading hours on Friday, reaching $115.69. The stock had a trading volume of 1,486,589 shares, compared to its average volume of 1,245,191. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The stock has a market capitalization of $15.84 billion, a PE ratio of 20.23, a PEG ratio of 5.00 and a beta of 1.07. The company's 50-day moving average is $114.10 and its two-hundred day moving average is $113.50.

Expeditors International of Washington Increases Dividend

The business 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 is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington's payout ratio is 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.