Redwood Investment Management LLC Has $269,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Redwood Investment Management LLC decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 93.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,427 shares of the transportation company's stock after selling 32,078 shares during the quarter. Redwood Investment Management LLC's holdings in Expeditors International of Washington were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EXPD. NDVR Inc. grew its position in Expeditors International of Washington by 5.8% during the fourth quarter. NDVR Inc. now owns 1,812 shares of the transportation company's stock valued at $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC lifted its stake in shares of Expeditors International of Washington by 4.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company's stock valued at $260,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company's stock worth $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC increased its position in Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company's stock worth $2,101,000 after purchasing an additional 112 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in Expeditors International of Washington by 5.3% in the fourth quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company's stock valued at $247,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial cut their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. StockNews.com cut Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. Susquehanna boosted their price objective 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. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays lowered their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $113.89.

Expeditors International of Washington Stock Down 1.5%

EXPD traded down $1.79 during trading on Tuesday, reaching $116.35. The stock had a trading volume of 1,170,508 shares, compared to its average volume of 1,288,084. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a 50 day moving average of $112.27 and a two-hundred day moving average of $114.67.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. This represents a dividend 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 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.