Park Avenue Securities LLC Has $1.13 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Park Avenue Securities LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 224.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,359 shares of the transportation company's stock after buying an additional 6,474 shares during the period. Park Avenue Securities LLC's holdings in Expeditors International of Washington were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXPD. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $107,863,000. Boston Partners boosted its stake in Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock valued at $420,693,000 after purchasing an additional 869,637 shares during the period. First Trust Advisors LP boosted its stake in 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 purchasing an additional 690,539 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Expeditors International of Washington by 13,910.4% during the 1st quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company's stock valued at $61,021,000 after purchasing an additional 503,833 shares during the period. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 0.3%

EXPD stock traded down $0.33 on Friday, hitting $114.25. 1,416,215 shares of the company's stock traded hands, compared to its average volume of 1,266,038. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 5.00 and a beta of 1.07. The stock has a fifty day moving average of $111.24 and a 200-day moving average of $113.83.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. 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%. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Analysts Set New Price Targets

A number of research analysts have issued reports on EXPD shares. Truist Financial reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. TD Cowen reduced 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. JPMorgan Chase & Co. reduced their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Wall Street Zen lowered shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Finally, Susquehanna upped their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.