Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd significantly increased its stake in Expeditors International by 114.3%, now owning 6,000 shares worth $722,000.
• Expeditors International recently paid a semi-annual dividend of $0.77 per share, increasing from $0.73, reflecting a dividend payout ratio of 25.58%.
• Several analysts have reduced their price targets for Expeditors International, with Barclays lowering it to $105.00 and UBS Group to $117.00.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 114.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the transportation company's stock after purchasing an additional 3,200 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Expeditors International of Washington were worth $722,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $25,000. Alpine Bank Wealth Management bought a new stake in shares of Expeditors International of Washington during the 1st quarter valued at approximately $26,000. Garde Capital Inc. bought a new stake in Expeditors International of Washington during the 1st quarter worth approximately $37,000. Colonial Trust Co SC grew its holdings in Expeditors International of Washington by 58.6% during the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 2.1%

Expeditors International of Washington stock traded up $2.46 during midday trading on Wednesday, hitting $118.77. The stock had a trading volume of 1,468,979 shares, compared to its average volume of 1,386,573. The firm's fifty day moving average is $114.56 and its two-hundred day moving average is $113.92. The company has a market capitalization of $16.27 billion, a PE ratio of 20.76, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

Analysts Set New Price Targets

Several research analysts have weighed in on EXPD shares. Truist Financial upped their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Barclays reduced their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a research note on Wednesday, May 7th. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research note on Tuesday, July 1st. UBS Group increased their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, TD Cowen reduced their price target 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. Five research 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 a consensus target price of $114.22.

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.