Man Group plc Buys 33,056 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Man Group plc increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 37.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 121,655 shares of the transportation company's stock after acquiring an additional 33,056 shares during the period. Man Group plc owned 0.09% of Expeditors International of Washington worth $13,476,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EXPD. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington during the fourth quarter valued at approximately $25,000. SRS Capital Advisors Inc. grew its stake in Expeditors International of Washington by 431.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after buying an additional 190 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington in the 4th quarter worth $39,000. Colonial Trust Co SC lifted its position in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new stake in Expeditors International of Washington during the fourth quarter valued at about $42,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 2.6%

NASDAQ EXPD traded down $3.00 on Wednesday, reaching $113.40. The company's stock had a trading volume of 1,389,004 shares, compared to its average volume of 1,288,486. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The business has a 50-day moving average price of $112.27 and a 200 day moving average price of $114.68. The firm has a market cap of $15.53 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXPD shares. TD Cowen dropped their price objective on 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. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Barclays dropped 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 research report on Wednesday, May 7th. Finally, Susquehanna increased their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average target price of $113.89.

Insiders Place Their Bets

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares of the company's stock, valued at approximately $857,571.84. This trade represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.69% of the company's stock.

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.