Teza Capital Management LLC Has $1.34 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Teza Capital Management LLC lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 60.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,135 shares of the transportation company's stock after selling 18,482 shares during the quarter. Teza Capital Management LLC's holdings in Expeditors International of Washington were worth $1,344,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth $25,000. SRS Capital Advisors Inc. boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 190 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $39,000. Colonial Trust Co SC grew its holdings in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded up $0.31 during midday trading on Thursday, reaching $113.78. The company's stock had a trading volume of 1,396,738 shares, compared to its average volume of 1,290,193. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 5.00 and a beta of 1.09. The firm has a 50 day moving average price of $112.23 and a two-hundred day moving average price of $114.67. 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 company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase 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 (DPR) is currently 25.58%.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of research reports. TD Cowen reduced their target price 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. Stifel Nicolaus reduced their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, January 23rd. Truist Financial decreased their price objective 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. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Barclays decreased their price target on 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. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $113.89.

About Expeditors International of Washington

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.