Gotham Asset Management LLC Sells 9,815 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Gotham Asset Management LLC lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,895 shares of the transportation company's stock after selling 9,815 shares during the quarter. Gotham Asset Management LLC's holdings in Expeditors International of Washington were worth $1,096,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EXPD. First Eagle Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 32.0% in 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 purchasing an additional 987,233 shares during the last quarter. Norges Bank bought a new stake in Expeditors International of Washington during the 4th quarter worth about $107,863,000. Boston Partners grew its holdings in 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 acquiring an additional 869,637 shares during the last quarter. First Trust Advisors LP lifted its position in 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 valued at $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $55,036,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Down 1.0%

Shares of NASDAQ:EXPD traded down $1.14 during midday trading on Friday, hitting $112.55. The stock had a trading volume of 1,102,868 shares, compared to its average volume of 1,290,431. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The business's 50-day simple moving average is $112.08 and its 200-day simple moving average is $114.56. The company has a market cap of $15.41 billion, a P/E 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 announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.77 dividend. 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. This represents a dividend yield of 1.4%. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

Analysts Set New Price Targets

A number of research analysts have issued reports on EXPD shares. Susquehanna upped their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. TD Cowen reduced their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Finally, Truist Financial dropped their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Company 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.