Jupiter Asset Management Ltd. Lowers Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Key Points

• Jupiter Asset Management Ltd. significantly reduced its stake in Expeditors International of Washington, cutting its holdings by 81.3% in the 1st quarter, leaving it with approximately $10 million invested in the company.
• Institutional investors now own 94.02% of Expeditors International's shares, with notable increases in positions from firms like First Trust Advisors LP and GAMMA Investing LLC.
• Expeditors International recently increased its semi-annual dividend from $0.73 to $0.77, reflecting strong financial health and a growing commitment to returning value to shareholders.

Jupiter Asset Management Ltd. trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 81.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,164 shares of the transportation company's stock after selling 362,293 shares during the period. Jupiter Asset Management Ltd. owned 0.06% of Expeditors International of Washington worth $10,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EXPD. NDVR Inc. grew its stake in shares of Expeditors International of Washington by 5.8% in the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after acquiring an additional 99 shares in the last quarter. Azimuth Capital Investment Management LLC grew its position in Expeditors International of Washington by 4.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after buying an additional 100 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in Expeditors International of Washington by 6.6% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,658 shares of the transportation company's stock valued at $199,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Expeditors International of Washington by 11.2% during the first quarter. Farther Finance Advisors LLC now owns 1,083 shares of the transportation company's stock valued at $132,000 after purchasing an additional 109 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of Expeditors International of Washington by 2.5% in the first quarter. Greenleaf Trust now owns 4,540 shares of the transportation company's stock worth $546,000 after buying an additional 112 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.7%

EXPD traded down $0.89 during trading hours on Thursday, reaching $117.84. 122,871 shares of the company's stock traded hands, compared to its average volume of 1,380,711. The firm has a 50-day moving average price of $114.70 and a 200 day moving average price of $113.95. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm has a market capitalization of $16.14 billion, a PE ratio of 20.60, a PEG ratio of 5.00 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXPD. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Barclays cut their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, May 7th. UBS Group raised their price target on Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday. Robert W. Baird began coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 price target for the company. Finally, Truist Financial raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $114.22.

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.