Public Employees Retirement System of Ohio Cuts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Public Employees Retirement System of Ohio decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,880 shares of the transportation company's stock after selling 6,151 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Expeditors International of Washington were worth $6,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Drystone LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $5,925,000. Allworth Financial LP grew its holdings in shares of Expeditors International of Washington by 22.9% during the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock valued at $732,000 after buying an additional 1,216 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Expeditors International of Washington by 37.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock valued at $8,459,000 after purchasing an additional 20,658 shares during the period. Everett Harris & Co. CA lifted its position in Expeditors International of Washington by 2.1% during the fourth quarter. Everett Harris & Co. CA now owns 218,766 shares of the transportation company's stock valued at $24,233,000 after purchasing an additional 4,405 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Expeditors International of Washington by 12.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 29,023 shares of the transportation company's stock valued at $3,215,000 after purchasing an additional 3,266 shares during the period. Hedge funds and other institutional investors own 94.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. 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. Finally, Susquehanna increased their price objective on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Stock Down 0.5%

EXPD traded down $0.58 during trading on Friday, hitting $112.69. The company's stock had a trading volume of 2,573,305 shares, compared to its average volume of 1,296,724. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $131.59. The firm has a market cap of $15.43 billion, a PE ratio of 19.70, a P/E/G ratio of 5.00 and a beta of 1.09. The business's 50 day simple moving average is $111.69 and its 200-day simple moving average is $114.34.

Expeditors International of Washington Increases Dividend

The business 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. This represents a yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is presently 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.