Robeco Institutional Asset Management B.V. Lowers Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Robeco Institutional Asset Management B.V. trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 15.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 161,512 shares of the transportation company's stock after selling 28,726 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Expeditors International of Washington worth $19,422,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Alpine Bank Wealth Management acquired a new position in Expeditors International of Washington in the 1st quarter valued at about $26,000. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. increased its stake in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company's stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of Expeditors International of Washington in the 1st quarter valued at $37,000. Finally, Colonial Trust Co SC increased its position 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 worth $39,000 after purchasing an additional 130 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $115.07 on Friday. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 20.12, 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. The company has a 50 day moving average price of $112.37 and a 200 day moving average price of $113.28.

Expeditors International of Washington Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group dropped 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 note on Wednesday, May 7th. TD Cowen dropped their price objective on 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. Susquehanna lifted their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Truist Financial cut their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average target price of $113.89.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.