Teza Capital Management LLC Sells 18,482 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

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

A number of other institutional investors and hedge funds have also bought and sold shares of EXPD. State of Wyoming increased its stake in shares of Expeditors International of Washington by 435.9% in the fourth quarter. State of Wyoming now owns 5,472 shares of the transportation company's stock valued at $606,000 after buying an additional 4,451 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Expeditors International of Washington by 8.0% in the fourth quarter. Rafferty Asset Management LLC now owns 16,508 shares of the transportation company's stock valued at $1,829,000 after buying an additional 1,228 shares during the period. ProShare Advisors LLC increased its stake in shares of Expeditors International of Washington by 10.0% in the fourth quarter. ProShare Advisors LLC now owns 1,587,922 shares of the transportation company's stock valued at $175,894,000 after buying an additional 144,361 shares during the period. Quantinno Capital Management LP increased its stake in shares of Expeditors International of Washington by 41.8% in the fourth quarter. Quantinno Capital Management LP now owns 42,381 shares of the transportation company's stock valued at $4,695,000 after buying an additional 12,502 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $229,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Truist Financial decreased their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Wall Street Zen cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, TD Cowen decreased their target price 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. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Trading Down 1.0%

NASDAQ EXPD traded down $1.14 during trading hours on Friday, hitting $112.55. 1,102,868 shares of the company's stock were exchanged, compared to its average volume of 1,291,888. The stock has a 50-day simple moving average of $112.08 and a 200 day simple moving average of $114.53. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio is presently 25.58%.

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.