Stevens Capital Management LP Trims Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Stevens Capital Management LP reduced its stake in Expeditors International of Washington by 48.9% in Q1, now holding 5,419 shares valued at $652,000.
• Several hedge funds are making moves, with Coppell Advisory Solutions and Alpine Bank Wealth Management acquiring new positions in the company worth approximately $25,000 and $26,000, respectively.
• Expeditors recently increased its semi-annual dividend to $0.77 per share, up from $0.73, indicating a 1.4% dividend yield.

Stevens Capital Management LP lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 48.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,419 shares of the transportation company's stock after selling 5,176 shares during the period. Stevens Capital Management LP's holdings in Expeditors International of Washington were worth $652,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NDVR Inc. grew its stake in shares of Expeditors International of Washington by 5.8% during the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after purchasing an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its position in Expeditors International of Washington by 4.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after acquiring an additional 100 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of Expeditors International of Washington by 6.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after buying an additional 103 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Expeditors International of Washington by 11.2% in the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after buying an additional 109 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Expeditors International of Washington by 2.5% in the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock valued at $546,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of research reports. Barclays reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Bank of America cut shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and upped their target price for the company from $117.00 to $118.00 in a report on Friday, July 11th. UBS Group reduced their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Truist Financial boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Finally, Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Stock Performance

EXPD traded up $0.01 on Tuesday, hitting $115.37. 580,846 shares of the company were exchanged, compared to its average volume of 1,363,452. The business's fifty day moving average is $114.42 and its 200 day moving average is $113.77. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The firm has a market capitalization of $15.80 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.77 dividend. The ex-dividend date 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 dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio is currently 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.