Assenagon Asset Management S.A. Acquires 4,453 Shares of Expeditors International of Washington, Inc. $EXPD

Assenagon Asset Management S.A. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 46.6% during the third quarter, Holdings Channel.com reports. The firm owned 14,010 shares of the transportation company’s stock after acquiring an additional 4,453 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Expeditors International of Washington were worth $1,717,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Expeditors International of Washington during the 2nd quarter valued at $34,000. Ransom Advisory Ltd bought a new position in Expeditors International of Washington in the 1st quarter worth $41,000. Twin Tree Management LP bought a new position in Expeditors International of Washington in the 1st quarter worth $42,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter worth about $43,000. 94.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Bank of America raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target on the stock 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 raised their target price for the company from $138.00 to $166.00 in a research note on Monday, November 17th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $128.80.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $151.65 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $100.47 and a one year high of $155.04. The firm has a market capitalization of $20.32 billion, a P/E ratio of 26.51, a PEG ratio of 5.00 and a beta of 1.15. The company’s fifty day moving average is $138.15 and its two-hundred day moving average is $125.19.

Expeditors International of Washington Dividend Announcement

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

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the sale, the director owned 6,468 shares in the company, valued at approximately $874,797. The trade was a 45.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the company’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 completion of the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was 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 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.