Arjuna Capital Lowers Stock Position in Expeditors International of Washington, Inc. $EXPD

Arjuna Capital cut its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,496 shares of the transportation company’s stock after selling 722 shares during the period. Arjuna Capital’s holdings in Expeditors International of Washington were worth $1,999,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its holdings in shares of Expeditors International of Washington by 6.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,426 shares of the transportation company’s stock valued at $292,000 after acquiring an additional 149 shares during the period. Cetera Investment Advisers boosted its position in Expeditors International of Washington by 19.9% during the first quarter. Cetera Investment Advisers now owns 13,540 shares of the transportation company’s stock valued at $1,628,000 after purchasing an additional 2,246 shares in the last quarter. LPL Financial LLC boosted its position in Expeditors International of Washington by 8.5% during the first quarter. LPL Financial LLC now owns 139,905 shares of the transportation company’s stock valued at $16,824,000 after purchasing an additional 10,994 shares in the last quarter. Federated Hermes Inc. grew its stake in Expeditors International of Washington by 35.3% in the first quarter. Federated Hermes Inc. now owns 12,285 shares of the transportation company’s stock valued at $1,477,000 after purchasing an additional 3,203 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Expeditors International of Washington in the first quarter worth about $652,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.2%

NASDAQ EXPD opened at $146.54 on Tuesday. The company has a fifty day simple moving average of $128.51 and a two-hundred day simple moving average of $121.01. The stock has a market cap of $19.64 billion, a P/E ratio of 25.62, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $148.38.

Expeditors International of Washington Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.77 dividend. The ex-dividend date is Monday, December 1st. This represents a yield of 105.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.12%.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the sale, the vice president owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction that occurred 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 approximately $874,797. This represents a 45.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EXPD shares. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. Stifel Nicolaus upped their price target on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. Finally, Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective for the company in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $131.89.

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.