Bridgefront Capital LLC Takes $207,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bridgefront Capital LLC purchased a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,873 shares of the transportation company’s stock, valued at approximately $207,000.

A number of other large investors have also added to or reduced their stakes in EXPD. Azimuth Capital Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock worth $260,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC lifted its position in Expeditors International of Washington by 3.5% during the fourth quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock worth $336,000 after purchasing an additional 103 shares during the period. Chapman Investment Management LLC grew its stake in Expeditors International of Washington by 0.6% during the fourth quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock worth $2,101,000 after buying an additional 112 shares in the last quarter. OLD National Bancorp IN increased its holdings in Expeditors International of Washington by 5.3% in the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after buying an additional 113 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Expeditors International of Washington by 17.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 778 shares of the transportation company’s stock valued at $86,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $110.27 on Friday. The business has a 50 day moving average of $112.96 and a 200-day moving average of $114.95. The company has a market capitalization of $15.19 billion, a P/E ratio of 19.28, a P/E/G 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 $131.59.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.4%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.52%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXPD. TD Cowen decreased their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research note on Wednesday. Truist Financial decreased their price target on 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. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Barclays decreased their target price 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. Finally, Bank of America dropped their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $113.70.

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.