Gotham Asset Management LLC Has $1.10 Million Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Gotham Asset Management LLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 49.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,895 shares of the transportation company’s stock after selling 9,815 shares during the quarter. Gotham Asset Management LLC’s holdings in Expeditors International of Washington were worth $1,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. First Eagle Investment Management LLC raised its stake in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the period. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $107,863,000. Boston Partners raised its stake in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the period. First Trust Advisors LP raised its stake in shares of Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $55,036,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on EXPD shares. Barclays lowered 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, May 7th. UBS Group lowered their target price on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. TD Cowen lowered their target price on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research report on Wednesday, May 7th. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Finally, Truist Financial lowered their target price on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Four 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.89.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 7,296 shares in the company, valued at $857,571.84. The trade was a 14.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Up 2.7%

Shares of NASDAQ EXPD opened at $118.10 on Friday. The business’s 50 day moving average price is $112.26 and its two-hundred day moving average price is $114.71. The company has a market cap of $16.17 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $131.59.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is currently 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.