SG Americas Securities LLC Sells 11,873 Shares of Expeditors International of Washington, Inc. $EXPD

SG Americas Securities LLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 40.5% during the second quarter, HoldingsChannel.com reports. The fund owned 17,478 shares of the transportation company’s stock after selling 11,873 shares during the quarter. SG Americas Securities LLC’s holdings in Expeditors International of Washington were worth $1,997,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Expeditors International of Washington by 4.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,587 shares of the transportation company’s stock worth $3,837,000 after purchasing an additional 1,576 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in shares of Expeditors International of Washington by 0.9% in the 2nd quarter. Empower Advisory Group LLC now owns 83,614 shares of the transportation company’s stock worth $9,553,000 after purchasing an additional 705 shares during the period. Candriam S.C.A. boosted its stake in Expeditors International of Washington by 2.8% during the second quarter. Candriam S.C.A. now owns 27,802 shares of the transportation company’s stock worth $3,177,000 after buying an additional 767 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Expeditors International of Washington by 1.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,435 shares of the transportation company’s stock worth $2,335,000 after purchasing an additional 255 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Expeditors International of Washington by 5.4% during the second quarter. PNC Financial Services Group Inc. now owns 57,734 shares of the transportation company’s stock valued at $6,596,000 after buying an additional 2,973 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the transaction, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. This trade represents a 45.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the transaction, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on EXPD shares. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Stifel Nicolaus upped their target price on Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. Finally, Truist Financial increased their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $131.89.

Expeditors International of Washington Stock Performance

EXPD opened at $139.17 on Thursday. The company has a fifty day moving average of $124.97 and a two-hundred day moving average of $119.08. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.02.

Expeditors International of Washington Dividend Announcement

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

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.