IFM Investors Pty Ltd Acquires 3,520 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

IFM Investors Pty Ltd raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 also recently modified their holdings of the stock. Coppell Advisory Solutions LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $26,000. Garde Capital Inc. bought a new stake in shares of Expeditors International of Washington during the first quarter worth approximately $37,000. Colonial Trust Co SC raised its stake in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after buying an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday. UBS Group dropped their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. TD Cowen lowered their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird started coverage on shares of Expeditors International of Washington in a report on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price on the stock. Finally, Truist Financial raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Monday, June 30th. Four research 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 a consensus rating of "Hold" and a consensus target price of $114.11.

Expeditors International of Washington Stock Up 0.4%

Expeditors International of Washington stock traded up $0.44 during mid-day trading on Wednesday, hitting $117.76. 1,141,073 shares of the stock were exchanged, compared to its average volume of 1,245,899. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The firm's fifty day simple moving average is $113.84 and its two-hundred day simple moving average is $113.39. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 20.59, a PEG 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 was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.77 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 1.4%. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's 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.