Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,104 shares of the transportation company's stock after acquiring an additional 2,822 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Expeditors International of Washington worth $12,519,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its position 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 valued at $450,881,000 after acquiring an additional 987,233 shares in the last quarter. Norges Bank purchased a new position in Expeditors International of Washington in the 4th quarter valued at $107,863,000. Boston Partners lifted its holdings in Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares in the last quarter. First Trust Advisors LP boosted its stake 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 worth $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 worth $61,021,000 after buying an additional 503,833 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXPD. Barclays decreased their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. TD Cowen decreased their target price 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. Truist Financial dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Susquehanna lifted their price objective 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. Finally, UBS Group lowered their price objective on 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. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Stock Up 0.4%

NASDAQ:EXPD traded up $0.51 during trading hours on Friday, reaching $113.59. 2,809,639 shares of the stock were exchanged, compared to its average volume of 1,270,100. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The business has a 50-day moving average of $111.79 and a two-hundred day moving average of $113.56. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 19.86, 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. Shareholders of record on Monday, June 2nd were given a $0.77 dividend. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's payout ratio is currently 25.58%.

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.