Los Angeles Capital Management LLC Buys 25,789 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Los Angeles Capital Management LLC grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,393 shares of the transportation company's stock after purchasing an additional 25,789 shares during the period. Los Angeles Capital Management LLC owned about 0.12% of Expeditors International of Washington worth $19,528,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock valued at $374,771,000 after acquiring an additional 57,736 shares during the last quarter. First Trust Advisors LP increased 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 valued at $302,936,000 after acquiring an additional 690,539 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock valued at $272,874,000 after acquiring an additional 235,409 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Expeditors International of Washington by 1.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,428,914 shares of the transportation company's stock valued at $269,051,000 after acquiring an additional 27,965 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Expeditors International of Washington by 19.7% in the 4th quarter. Northern Trust Corp now owns 2,288,437 shares of the transportation company's stock valued at $253,490,000 after buying an additional 376,689 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD traded up $0.25 during trading on Thursday, hitting $115.68. 240,154 shares of the stock were exchanged, compared to its average volume of 1,369,144. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The company's fifty day simple moving average is $114.44 and its 200-day simple moving average is $113.62.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is presently 25.58%.

Analyst Ratings Changes

A number of research firms have issued reports on EXPD. Baird R W raised Expeditors International of Washington to a "hold" rating in a report on Tuesday, July 1st. Truist Financial raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a report on Monday, June 30th. UBS Group lowered their target price on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. TD Cowen lowered their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays lowered their target price on 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. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington 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.