Universal Beteiligungs und Servicegesellschaft mbH Makes New $20.49 Million Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 184,952 shares of the transportation company's stock, valued at approximately $20,487,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Expeditors International of Washington at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. First Eagle Investment Management LLC raised its position in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after acquiring an additional 987,233 shares during the period. Norges Bank purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $107,863,000. Boston Partners boosted its stake in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after buying an additional 869,637 shares during the period. First Trust Advisors LP boosted its stake in Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after buying an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth about $55,036,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 0.5%

NASDAQ:EXPD traded down $0.58 during mid-day trading on Friday, hitting $112.69. The stock had a trading volume of 2,573,305 shares, compared to its average volume of 1,296,723. The stock has a 50-day simple moving average of $111.69 and a two-hundred day simple moving average of $114.34. The company has a market capitalization of $15.43 billion, a PE ratio of 19.70, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is presently 25.58%.

Analyst Ratings Changes

Several brokerages have weighed in on EXPD. Truist Financial lowered their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. UBS Group reduced their price target 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. Wall Street Zen cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research report on Sunday, February 16th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. 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 on the stock in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.