Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13,910.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 507,455 shares of the transportation company's stock after purchasing an additional 503,833 shares during the quarter. GAMMA Investing LLC owned 0.37% of Expeditors International of Washington worth $61,021,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its stake in shares of Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after buying an additional 987,233 shares during the last quarter. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $107,863,000. Boston Partners increased its stake in shares of Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares in the last quarter. First Trust Advisors LP raised its position in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $55,036,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.4%

NASDAQ EXPD traded down $0.46 during trading hours on Thursday, hitting $111.11. The company had a trading volume of 709,872 shares, compared to its average volume of 1,271,389. The firm has a market cap of $15.22 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The business has a fifty day simple moving average of $111.20 and a 200-day simple moving average of $114.16.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.77 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is 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

Several analysts have recently issued reports on EXPD shares. Wall Street Zen downgraded Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. UBS Group decreased 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 research note on Wednesday, May 7th. Barclays cut their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of "Hold" and an average target price 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.