Expeditors International of Washington, Inc. $EXPD Position Lifted by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,279,825 shares of the transportation company’s stock after acquiring an additional 918,108 shares during the period. Expeditors International of Washington comprises approximately 1.4% of First Eagle Investment Management LLC’s holdings, making the stock its 27th biggest position. First Eagle Investment Management LLC owned 4.59% of Expeditors International of Washington worth $717,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in shares of Expeditors International of Washington during the first quarter worth about $30,000. Atlantic Union Bankshares Corp acquired a new stake in Expeditors International of Washington during the second quarter valued at approximately $34,000. Ransom Advisory Ltd bought a new position in Expeditors International of Washington during the 1st quarter worth approximately $41,000. Twin Tree Management LP acquired a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $42,000. Finally, Carderock Capital Management Inc. bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $134.39 on Friday. The firm has a fifty day moving average of $121.63 and a 200-day moving average of $117.09. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 23.49, 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 $140.72.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.77 dividend. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 113.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.12%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXPD shares. Stifel Nicolaus raised their price objective on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday. Truist Financial raised their price target on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday. UBS Group lifted their price target on shares of Expeditors International of Washington from $120.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Reduce” and an average target price of $128.78.

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.