Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.1% in the 1st quarter, Holdings Channel reports. The fund owned 12,651 shares of the transportation company’s stock after selling 270 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Expeditors International of Washington were worth $1,521,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. increased its holdings in shares of Expeditors International of Washington by 0.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 28,908 shares of the transportation company’s stock valued at $3,476,000 after purchasing an additional 268 shares in the last quarter. MV Capital Management Inc. grew its holdings in shares of Expeditors International of Washington by 13.5% during the first quarter. MV Capital Management Inc. now owns 24,499 shares of the transportation company’s stock worth $2,946,000 after buying an additional 2,916 shares in the last quarter. Simplicity Wealth LLC grew its holdings in shares of Expeditors International of Washington by 145.5% during the first quarter. Simplicity Wealth LLC now owns 6,297 shares of the transportation company’s stock worth $757,000 after buying an additional 3,732 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Expeditors International of Washington by 16.5% in the first quarter. GAMMA Investing LLC now owns 4,220 shares of the transportation company’s stock worth $507,000 after acquiring an additional 598 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Expeditors International of Washington by 11.7% during the first quarter. Yousif Capital Management LLC now owns 85,748 shares of the transportation company’s stock valued at $10,311,000 after purchasing an additional 9,011 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXPD shares. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Susquehanna increased 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 report on Monday, March 3rd. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Finally, Wall Street Zen cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.89.

Expeditors International of Washington Trading Up 1.7%

Shares of NASDAQ EXPD opened at $114.91 on Wednesday. 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 market capitalization of $15.74 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 5.00 and a beta of 1.07. The firm has a 50-day moving average of $110.72 and a two-hundred day moving average of $113.93.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. This represents a dividend yield of 1.4%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 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.