Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 324,147 shares of the transportation company’s stock after purchasing an additional 375 shares during the period. BNP Paribas Financial Markets owned about 0.23% of Expeditors International of Washington worth $35,906,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EXPD. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. increased its holdings in 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 in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $39,000. Parvin Asset Management LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $42,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $52,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 2.1 %

EXPD opened at $110.27 on Friday. The stock has a market cap of $15.19 billion, a price-to-earnings ratio of 19.28, a PEG 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 fifty day moving average price of $112.96 and a 200 day moving average price of $114.95.

Expeditors International of Washington Increases Dividend

The firm 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 $0.77 dividend. The ex-dividend date is Monday, June 2nd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is currently 25.52%.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This represents a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXPD shares. Bank of America dropped their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 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 report on Monday, March 3rd. Stifel Nicolaus dropped their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, UBS Group dropped their price target on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.70.

About Expeditors International of Washington

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.