Expeditors International of Washington, Inc. $EXPD Stock Position Lessened by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,080 shares of the transportation company’s stock after selling 4,311 shares during the period. Confluence Investment Management LLC’s holdings in Expeditors International of Washington were worth $21,708,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in Expeditors International of Washington by 17.1% during 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. Loomis Sayles & Co. L P boosted its holdings in shares of Expeditors International of Washington by 1.5% in the second quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock valued at $656,363,000 after acquiring an additional 83,366 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Expeditors International of Washington by 19.3% during the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after acquiring an additional 335,578 shares during the period. Baird Financial Group Inc. raised its holdings in Expeditors International of Washington by 5.0% during the second quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock worth $221,339,000 after purchasing an additional 92,222 shares in the last quarter. Finally, Marshfield Associates boosted its stake in Expeditors International of Washington by 0.8% during the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock valued at $221,470,000 after purchasing an additional 14,127 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $153.02 on Tuesday. The company has a 50 day simple moving average of $137.46 and a 200-day simple moving average of $124.91. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $155.04. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 5.00 and a beta of 1.15.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXPD. TD Cowen boosted their price objective on 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. JPMorgan Chase & Co. boosted their price target on shares of 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. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price target for the company from $138.00 to $166.00 in a report on Monday, November 17th. Truist Financial lifted their price objective on shares of 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. Finally, Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $128.80.

Insiders Place Their Bets

In other news, 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 directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington stock in a transaction dated 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 transaction, the director owned 6,468 shares in the company, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.69% of the company’s stock.

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.