Marble Harbor Investment Counsel LLC Decreases Stock Position in Expeditors International of Washington, Inc. $EXPD

Marble Harbor Investment Counsel LLC trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 1.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 34,732 shares of the transportation company’s stock after selling 500 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Expeditors International of Washington were worth $3,968,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Eagle Investment Management LLC boosted 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 buying an additional 918,108 shares during the period. Invesco Ltd. raised its holdings 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 acquiring an additional 576,468 shares in the last quarter. Boston Partners raised its holdings in Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after acquiring an additional 498,212 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Expeditors International of Washington by 516.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after acquiring an additional 482,814 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Expeditors International of Washington during the 1st quarter worth approximately $43,816,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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. This represents a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $139.46 on Wednesday. The company has a market capitalization of $18.93 billion, a P/E ratio of 24.38, 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 $141.79. The stock has a 50-day simple moving average of $122.74 and a 200-day simple moving average of $117.88.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.77 per share. 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 25.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXPD. Stifel Nicolaus raised 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 report on Thursday, November 6th. Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday, November 5th. Truist Financial lifted their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. UBS Group increased their price objective on Expeditors International of Washington from $120.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus 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.