KBC Group NV Boosts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

KBC Group NV raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 60.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,955 shares of the transportation company's stock after acquiring an additional 204,250 shares during the period. KBC Group NV owned 0.39% of Expeditors International of Washington worth $65,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington in the first quarter valued at $26,000. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter worth about $25,000. SRS Capital Advisors Inc. increased its position in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after acquiring an additional 190 shares during the period. Garde Capital Inc. acquired a new position in Expeditors International of Washington in the 1st quarter valued at about $37,000. Finally, Colonial Trust Co SC raised its stake in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on EXPD shares. UBS Group lowered their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Truist Financial increased their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday. Robert W. Baird assumed coverage on shares of Expeditors International of Washington in a research note on Tuesday. They issued a "neutral" rating and a $124.00 price objective on the stock. TD Cowen cut their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Finally, Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a report on Tuesday. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and a consensus target price of $114.22.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $1.21 during midday trading on Wednesday, reaching $119.19. The company's stock had a trading volume of 923,584 shares, compared to its average volume of 1,247,919. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The stock's 50 day simple moving average is $113.02 and its 200 day simple moving average is $113.28. The firm has a market capitalization of $16.32 billion, a PE ratio of 20.84, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost 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 dividend payout ratio (DPR) is 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.