Natixis Advisors LLC Has $67.75 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Natixis Advisors LLC increased its stake in Expeditors International of Washington by 11.1%, owning 563,381 shares valued at approximately $67.7 million by the end of the last quarter.
• The company declared a semi-annual dividend of $0.77, an increase from the previous dividend of $0.73, indicating a yield of 1.4%.
• Analysts have mixed opinions on Expeditors, with five firms giving a sell rating and an average price target of $113.89, reflecting cautious sentiment in the market.

Natixis Advisors LLC boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 563,381 shares of the transportation company's stock after buying an additional 56,431 shares during the period. Natixis Advisors LLC owned approximately 0.41% of Expeditors International of Washington worth $67,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $235,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $85,000. Banque Cantonale Vaudoise acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $1,414,000. Federated Hermes Inc. boosted its stake in shares of Expeditors International of Washington by 35.3% during the 1st quarter. Federated Hermes Inc. now owns 12,285 shares of the transportation company's stock valued at $1,477,000 after buying an additional 3,203 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Expeditors International of Washington by 44.4% during the 1st quarter. Mackenzie Financial Corp now owns 55,602 shares of the transportation company's stock valued at $6,686,000 after buying an additional 17,095 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ:EXPD traded down $1.50 during midday trading on Friday, reaching $114.74. The stock had a trading volume of 1,587,511 shares, compared to its average volume of 1,379,782. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The firm's fifty day simple moving average is $114.44 and its 200-day simple moving average is $113.82. The stock has a market capitalization of $15.71 billion, a P/E ratio of 20.06, a PEG ratio of 5.00 and a beta of 1.07.

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 paid a $0.77 dividend. This represents a yield of 140.0%. The ex-dividend date was Monday, June 2nd. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is 25.58%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research reports. Bank of America lowered shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and lifted their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Robert W. Baird began coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 target price for the company. TD Cowen cut 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 report on Wednesday, May 7th. Barclays cut their price target on shares of 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, UBS Group cut 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. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $113.89.

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.