Royal Bank of Canada Has $103.43 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Royal Bank of Canada reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 31.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 933,743 shares of the transportation company’s stock after selling 427,930 shares during the quarter. Royal Bank of Canada owned 0.67% of Expeditors International of Washington worth $103,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXPD. Barclays PLC boosted 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 acquiring an additional 13,479 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Expeditors International of Washington by 14.9% during the fourth quarter. Park Avenue Securities LLC now owns 2,885 shares of the transportation company’s stock worth $320,000 after purchasing an additional 374 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Expeditors International of Washington by 12.3% during the fourth quarter. Ballentine Partners LLC now owns 1,897 shares of the transportation company’s stock worth $210,000 after acquiring an additional 208 shares during the period. Perpetual Ltd increased its stake in Expeditors International of Washington by 109.3% in the 4th quarter. Perpetual Ltd now owns 4,354 shares of the transportation company’s stock valued at $482,000 after buying an additional 2,274 shares during the last quarter. Finally, Beaumont Financial Advisors LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $342,000. Institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXPD shares. UBS Group lowered their price target on shares of 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. Susquehanna boosted their price objective on shares of 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. Barclays lowered their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $113.89.

Expeditors International of Washington Stock Down 0.3%

EXPD opened at $117.93 on Tuesday. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59. The company has a fifty day moving average of $112.27 and a 200-day moving average of $114.67. The stock has a market cap of $16.15 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.77 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington’s payout ratio is 25.58%.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the transaction, the vice president now owns 7,296 shares in the company, valued at $857,571.84. This trade represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.69% of the company’s stock.

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.