IFM Investors Pty Ltd Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

IFM Investors Pty Ltd increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,481 shares of the transportation company's stock after buying an additional 3,520 shares during the period. IFM Investors Pty Ltd's holdings in Expeditors International of Washington were worth $4,005,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $25,000. Alpine Bank Wealth Management purchased a new position in shares of Expeditors International of Washington in the first quarter worth about $26,000. Garde Capital Inc. purchased a new position in shares of Expeditors International of Washington in the first quarter worth about $37,000. Colonial Trust Co SC boosted its position in shares of Expeditors International of Washington by 58.6% in the fourth 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 period. Finally, Parvin Asset Management LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Up 1.7%

Shares of EXPD stock traded up $2.02 during trading hours on Thursday, hitting $119.29. 1,195,991 shares of the company's stock were exchanged, compared to its average volume of 1,245,700. 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 $113.84 and its 200-day simple moving average is $113.39. The company has a market capitalization of $16.34 billion, a PE ratio of 20.86, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.77 dividend. This represents a dividend yield of 1.4%. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's payout ratio is presently 25.58%.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday. 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. 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 upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $114.11.

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.