Handelsbanken Fonder AB Reduces Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Handelsbanken Fonder AB decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,043 shares of the transportation company's stock after selling 11,678 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.05% of Expeditors International of Washington worth $8,543,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 32.0% in the fourth 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 in the last quarter. Norges Bank purchased a new position in Expeditors International of Washington during the fourth quarter valued at $107,863,000. Boston Partners increased its holdings in shares of Expeditors International of Washington by 29.7% in the fourth 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 during the last quarter. First Trust Advisors LP raised its holdings 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 acquiring an additional 690,539 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Expeditors International of Washington by 13,910.4% during the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after purchasing an additional 503,833 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on EXPD shares. Barclays decreased their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Wall Street Zen cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Truist Financial lowered their target price 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. Finally, 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 report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Trading Down 0.3%

Shares of EXPD traded down $0.33 during midday trading on Friday, reaching $114.25. The stock had a trading volume of 1,416,215 shares, compared to its average volume of 1,265,388. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The firm has a 50 day simple moving average of $111.01 and a 200-day simple moving average of $113.88. The firm has a market cap of $15.65 billion, a PE ratio of 19.97, a P/E/G ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.77 per share. This represents a yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

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.