Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,195 shares of the transportation company's stock after selling 15,465 shares during the quarter. USS Investment Management Ltd's holdings in Expeditors International of Washington were worth $3,123,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 431.8% in the 4th 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. Bank of Jackson Hole Trust acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $39,000. Colonial Trust Co SC lifted its stake in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock valued at $39,000 after purchasing 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 valued at $42,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXPD has been the topic of several recent analyst reports. Barclays decreased their price target on 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. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Susquehanna increased their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Truist Financial decreased their target price on 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. Finally, TD Cowen decreased their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average target price of $113.89.

Expeditors International of Washington Price Performance

Shares of EXPD traded up $0.38 during mid-day trading on Thursday, reaching $112.51. The company's stock had a trading volume of 375,382 shares, compared to its average volume of 1,287,878. The company's 50 day moving average is $111.89 and its 200 day moving average is $114.42. The stock has a market cap of $15.41 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid 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 an increase from Expeditors International of Washington's previous semi-annual dividend of $0.73. Expeditors International of Washington's dividend payout ratio (DPR) is currently 25.58%.

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.