UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 27,965 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,428,914 shares of the transportation company's stock after buying an additional 27,965 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.74% of Expeditors International of Washington worth $269,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NDVR Inc. increased its stake in shares of Expeditors International of Washington by 5.8% in the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock worth $201,000 after acquiring an additional 99 shares during the last quarter. Azimuth Capital Investment Management LLC grew its stake in Expeditors International of Washington by 4.4% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC increased its position in Expeditors International of Washington by 3.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after purchasing an additional 103 shares during the last quarter. Chapman Investment Management LLC increased its position in Expeditors International of Washington by 0.6% in the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after purchasing an additional 112 shares during the last quarter. Finally, OLD National Bancorp IN raised its stake in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock worth $247,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

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

Expeditors International of Washington Stock Up 1.8%

EXPD stock traded up $2.01 during mid-day trading on Tuesday, reaching $114.47. 420,092 shares of the stock traded hands, compared to its average volume of 1,288,465. The firm has a market capitalization of $15.68 billion, a PE ratio of 20.01, a P/E/G ratio of 5.00 and a beta of 1.09. The business has a 50-day moving average of $112.00 and a two-hundred day moving average of $114.44. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59.

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 given a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.4%. 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 25.58%.

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.