Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 13.8% during the 1st quarter, HoldingsChannel reports. The fund owned 1,757 shares of the transportation company’s stock after selling 281 shares during the period. NorthRock Partners LLC’s holdings in Expeditors International of Washington were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $25,000. Alpine Bank Wealth Management acquired a new position in shares of Expeditors International of Washington during the first quarter valued at $26,000. Garde Capital Inc. bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $37,000. Colonial Trust Co SC raised its holdings in Expeditors International of Washington by 58.6% during the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $42,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $114.74 on Friday. The company’s 50 day simple moving average is $114.44 and its 200 day simple moving average is $113.82. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. 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 announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.77 per share. The ex-dividend date was Monday, June 2nd. This represents a yield of 140.0%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s dividend payout ratio is 25.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EXPD shares. Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, June 30th. Bank of America lowered shares of Expeditors International of Washington from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $117.00 to $118.00 in a research report on Friday, July 11th. TD Cowen cut their target price on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a report on Wednesday, May 7th. UBS Group lowered their target price 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. Finally, Barclays dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $113.89.

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.