Edgestream Partners L.P. Makes New $3.36 Million Investment in Expeditors International of Washington, Inc. $EXPD

Edgestream Partners L.P. purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 29,397 shares of the transportation company’s stock, valued at approximately $3,359,000.

A number of other hedge funds have also made changes to their positions in EXPD. Zions Bancorporation National Association UT acquired a new stake in Expeditors International of Washington in the first quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at $34,000. Ransom Advisory Ltd bought a new position in Expeditors International of Washington during the first quarter valued at about $41,000. Finally, Twin Tree Management LP acquired a new position in Expeditors International of Washington during the first quarter worth about $42,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $148.09 on Thursday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $148.66. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 5.00 and a beta of 1.15. The company has a 50 day moving average price of $129.56 and a 200 day moving average price of $121.40.

Expeditors International of Washington Dividend Announcement

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. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s payout ratio is currently 25.12%.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of research analyst reports. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their target price for the company from $138.00 to $166.00 in a research note on Monday, November 17th. 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 research report on Wednesday, November 5th. Barclays upped their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. Finally, Truist Financial raised their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $131.89.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. The trade was a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following 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 disclosure for this sale is available in the SEC filing. 0.69% of the stock is currently owned by insiders.

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.