Los Angeles Capital Management LLC Has $6.86 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Los Angeles Capital Management LLC trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 63.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,048 shares of the transportation company’s stock after selling 102,345 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Expeditors International of Washington were worth $6,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. First Eagle Investment Management LLC increased its stake in shares of Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares during the last quarter. Boston Partners lifted its position in shares of Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after buying an additional 498,212 shares during the last quarter. Invesco Ltd. boosted its stake in Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after buying an additional 576,468 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Expeditors International of Washington by 4.8% in the first quarter. Baird Financial Group Inc. now owns 1,845,102 shares of the transportation company’s stock valued at $221,874,000 after buying an additional 84,556 shares in the last quarter. Finally, Marshfield Associates grew its position in Expeditors International of Washington by 0.8% in the first quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock valued at $221,470,000 after acquiring an additional 14,127 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price for the company in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted 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 report on Wednesday, November 5th. Stifel Nicolaus increased their price objective on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. Truist Financial raised their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, TD Cowen boosted their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $128.78.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $137.28 on Monday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $140.72. The company has a market cap of $18.63 billion, a PE ratio of 24.00, a P/E/G ratio of 5.00 and a beta of 1.09. The firm’s 50 day simple moving average is $121.97 and its 200 day simple moving average is $117.46.

Expeditors International of Washington Announces Dividend

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

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.