Siemens Fonds Invest GmbH Sells 1,880 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Siemens Fonds Invest GmbH lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 72.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 702 shares of the transportation company’s stock after selling 1,880 shares during the period. Siemens Fonds Invest GmbH’s holdings in Expeditors International of Washington were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of EXPD. Drystone LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $5,925,000. Allworth Financial LP lifted its position in shares of Expeditors International of Washington by 22.9% during the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock worth $732,000 after buying an additional 1,216 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock worth $8,459,000 after buying an additional 20,658 shares during the period. Beaumont Financial Advisors LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $342,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $11,219,000. Institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction 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 trade represents a 14.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $118.10 on Monday. The stock has a fifty day moving average price of $112.26 and a two-hundred day moving average price of $114.68. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 5.00 and a beta of 1.09. 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 company 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 $0.77 dividend. 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 (DPR) is 25.58%.

Analyst Ratings Changes

EXPD has been the subject of several analyst reports. 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Stifel Nicolaus cut their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $113.89.

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.