Penserra Capital Management LLC Purchases 6,518 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Penserra Capital Management LLC lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 652.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,517 shares of the transportation company's stock after buying an additional 6,518 shares during the quarter. Penserra Capital Management LLC's holdings in Expeditors International of Washington were worth $903,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $25,000. Alpine Bank Wealth Management acquired a new stake in Expeditors International of Washington in the first quarter worth $26,000. Garde Capital Inc. bought a new stake in Expeditors International of Washington in the first quarter valued at $37,000. Colonial Trust Co SC raised its holdings in shares of Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 3.0%

Shares of EXPD traded down $3.56 during mid-day trading on Friday, reaching $115.69. The company's stock had a trading volume of 1,486,589 shares, compared to its average volume of 1,248,732. The stock has a market cap of $15.84 billion, a PE ratio of 20.23, a P/E/G ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The company's fifty day moving average price is $114.10 and its two-hundred day moving average price is $113.48.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued 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 was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday. UBS Group lowered their price objective on shares of Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird initiated coverage on shares of Expeditors International of Washington in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $124.00 target price for the company. Finally, Truist Financial lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus price target of $113.89.

Expeditors International of Washington Company 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.