SG Americas Securities LLC Sells 5,673 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SG Americas Securities LLC lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 16.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,351 shares of the transportation company's stock after selling 5,673 shares during the quarter. SG Americas Securities LLC's holdings in Expeditors International of Washington were worth $3,529,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EXPD. Allworth Financial LP grew its stake in Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company's stock valued at $732,000 after purchasing an additional 1,216 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company's stock worth $8,459,000 after purchasing an additional 20,658 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Expeditors International of Washington during the 4th quarter worth about $13,008,000. Focus Partners Wealth purchased a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $432,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Expeditors International of Washington by 11.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,325 shares of the transportation company's stock valued at $147,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock traded up $0.80 during mid-day trading on Monday, reaching $115.06. 970,943 shares of the stock traded hands, compared to its average volume of 1,265,021. The stock has a market capitalization of $15.76 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The business's 50-day moving average is $111.49 and its 200-day moving average is $113.68.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This represents a yield of 1.4%. 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. Expeditors International of Washington's payout ratio is currently 25.58%.

Analyst Ratings Changes

Several brokerages have recently commented on EXPD. Susquehanna increased their price objective on 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. 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 report on Wednesday, May 7th. UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their target price on 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. Finally, Wall Street Zen cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus target price 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.