QRG Capital Management Inc. Sells 12,820 Shares of Expeditors International of Washington, Inc. $EXPD

QRG Capital Management Inc. trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 52.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,493 shares of the transportation company’s stock after selling 12,820 shares during the quarter. QRG Capital Management Inc.’s holdings in Expeditors International of Washington were worth $1,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clifford Swan Investment Counsel LLC lifted its stake in Expeditors International of Washington by 18.0% in the second quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock worth $8,136,000 after purchasing an additional 10,858 shares during the last quarter. American Century Companies Inc. boosted its holdings in Expeditors International of Washington by 48.0% during the 2nd quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock valued at $41,593,000 after acquiring an additional 118,114 shares during the period. Ascent Group LLC boosted its holdings in Expeditors International of Washington by 237.3% during the 3rd quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock valued at $1,265,000 after acquiring an additional 7,257 shares during the period. Nordea Investment Management AB increased its stake in Expeditors International of Washington by 7.4% in the third quarter. Nordea Investment Management AB now owns 648,101 shares of the transportation company’s stock worth $78,867,000 after purchasing an additional 44,849 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of Expeditors International of Washington by 7.2% during the second quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock worth $9,437,000 after purchasing an additional 5,537 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EXPD shares. Morgan Stanley lifted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, December 8th. Barclays upped their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price objective for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Finally, TD Cowen boosted their price objective 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. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Expeditors International of Washington currently has a consensus rating of “Reduce” and an average target price of $134.10.

Expeditors International of Washington Stock Down 2.0%

EXPD opened at $159.23 on Wednesday. The firm’s 50-day moving average price is $150.64 and its 200-day moving average price is $131.01. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $164.48. The company has a market cap of $21.34 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.77 per share. This represents a yield of 105.0%. The ex-dividend date of this dividend was Monday, December 1st. Expeditors International of Washington’s payout ratio is 25.12%.

Insiders Place Their Bets

In other news, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director directly owned 6,468 shares in the company, valued at $874,797. This represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s 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 transaction, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.69% of the stock is owned by corporate insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.