Voloridge Investment Management LLC Raises Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Voloridge Investment Management LLC boosted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 485,963 shares of the transportation company's stock after acquiring an additional 23,599 shares during the period. Voloridge Investment Management LLC owned 0.35% of Expeditors International of Washington worth $53,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $25,000. SRS Capital Advisors Inc. boosted its stake in Expeditors International of Washington by 431.8% during 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 bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $39,000. Colonial Trust Co SC raised its stake in shares of Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $42,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded down $1.14 during mid-day trading on Monday, reaching $112.55. The company's stock had a trading volume of 1,102,868 shares, compared to its average volume of 1,291,888. The company has a market capitalization of $15.41 billion, a P/E ratio of 19.68, a PEG ratio of 5.00 and a beta of 1.09. The firm's fifty day moving average price is $112.08 and its two-hundred day moving average price is $114.49. 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 business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington's dividend payout ratio is 25.58%.

Analysts Set New Price Targets

EXPD has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Truist Financial lowered 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. Barclays dropped their price objective 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. Susquehanna raised their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, Wall Street Zen lowered Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $113.89.

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.