Man Group plc Has $13.48 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. raised its stake in Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock worth $26,000 after buying an additional 190 shares during the period. Bank of Jackson Hole Trust bought a new position in Expeditors International of Washington during the fourth quarter worth about $39,000. Colonial Trust Co SC grew its stake in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after acquiring an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of research analyst reports. Barclays dropped their price target on 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. Stifel Nicolaus dropped their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd. Truist Financial cut their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Finally, TD Cowen lowered their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Trading Down 1.1%

Shares of NASDAQ EXPD traded down $1.20 during midday trading on Friday, reaching $112.49. The company's stock had a trading volume of 314,843 shares, compared to its average volume of 1,287,731. The stock has a 50 day simple moving average of $112.17 and a 200-day simple moving average of $114.63. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59.

Expeditors International of Washington Increases Dividend

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

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.