Expeditors International of Washington, Inc. (NASDAQ:EXPD) Stake Boosted by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,748 shares of the transportation company's stock after buying an additional 9,011 shares during the quarter. Yousif Capital Management LLC owned approximately 0.06% of Expeditors International of Washington worth $10,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 32.0% during the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock worth $450,881,000 after purchasing an additional 987,233 shares in the last quarter. Boston Partners increased its position in Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares in the last quarter. Geode Capital Management LLC increased its position in Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after purchasing an additional 57,736 shares in the last quarter. First Trust Advisors LP increased its position in Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after purchasing an additional 690,539 shares in the last quarter. Finally, Invesco Ltd. increased its position in Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after purchasing an additional 235,409 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a report on Sunday, February 16th. Truist Financial lowered their price target on Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price 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. Susquehanna boosted their target price 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. Finally, TD Cowen decreased their target price on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Down 0.3%

Shares of Expeditors International of Washington stock traded down $0.33 on Friday, hitting $114.25. 1,416,215 shares of the company's stock traded hands, compared to its average volume of 1,266,038. The stock has a market cap of $15.65 billion, a P/E ratio of 19.97, a PEG ratio of 5.00 and a beta of 1.07. The firm's 50-day moving average is $111.24 and its 200 day moving average is $113.83. 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 firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is 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.