FORA Capital LLC Buys 6,684 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

FORA Capital LLC raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,275 shares of the transportation company’s stock after purchasing an additional 6,684 shares during the quarter. FORA Capital LLC’s holdings in Expeditors International of Washington were worth $2,910,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXPD. Barclays PLC raised its stake in Expeditors International of Washington by 2.4% in the third quarter. Barclays PLC now owns 571,548 shares of the transportation company’s stock valued at $75,099,000 after buying an additional 13,479 shares during the period. World Investment Advisors LLC bought a new position in shares of Expeditors International of Washington in the third quarter valued at about $222,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Expeditors International of Washington during the 3rd quarter worth about $57,000. Franklin Resources Inc. boosted its holdings in shares of Expeditors International of Washington by 18.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after buying an additional 30,785 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Expeditors International of Washington by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company’s stock valued at $152,559,000 after buying an additional 4,044 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 2.1 %

NASDAQ:EXPD opened at $110.27 on Friday. The stock’s 50-day moving average is $112.96 and its 200-day moving average is $114.95. The stock has a market cap of $15.19 billion, a P/E ratio of 19.28, 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.

Expeditors International of Washington Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.4%. 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 presently 25.52%.

Insider Transactions at Expeditors International of Washington

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

Wall Street Analyst Weigh In

EXPD has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. UBS Group reduced their target price on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Bank of America decreased their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $113.70.

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.