Pacer Advisors Inc. Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Pacer Advisors Inc. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 51.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,611 shares of the transportation company's stock after purchasing an additional 6,296 shares during the period. Pacer Advisors Inc.'s holdings in Expeditors International of Washington were worth $2,238,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EXPD. Korea Investment CORP lifted its position in shares of Expeditors International of Washington by 30.6% in the 4th quarter. Korea Investment CORP now owns 92,153 shares of the transportation company's stock worth $10,208,000 after purchasing an additional 21,600 shares during the period. Norges Bank purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $107,863,000. New Age Alpha Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $54,000. Pictet Asset Management Holding SA lifted its position in shares of Expeditors International of Washington by 5.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 212,847 shares of the transportation company's stock worth $23,577,000 after purchasing an additional 10,714 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Expeditors International of Washington by 8.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company's stock worth $261,000 after purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded down $1.50 during trading hours on Friday, reaching $114.74. The company had a trading volume of 1,587,511 shares, compared to its average volume of 1,379,782. The business has a fifty day moving average price of $114.44 and a 200-day moving average price of $113.82. The firm has a market cap of $15.71 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.77 per share. This is an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a yield of 140.0%. The ex-dividend date of this dividend was Monday, June 2nd. Expeditors International of Washington's payout ratio is presently 25.58%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EXPD shares. Truist Financial lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company a "hold" rating in a research report on Monday, June 30th. Bank of America downgraded shares of Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their target price for the company from $117.00 to $118.00 in a research note on Friday, July 11th. Barclays decreased their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company 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 for the company in a research note on Wednesday, May 7th. Finally, Baird R W raised shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.89.

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.