Benjamin Edwards Inc. Raises Stock Position in Expeditors International of Washington, Inc. $EXPD

Benjamin Edwards Inc. lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.0% in the third quarter, Holdings Channel reports. The firm owned 66,467 shares of the transportation company’s stock after buying an additional 3,762 shares during the period. Benjamin Edwards Inc.’s holdings in Expeditors International of Washington were worth $8,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC increased its holdings in Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Expeditors International of Washington during the 2nd quarter worth $34,000. Ransom Advisory Ltd purchased a new position in shares of Expeditors International of Washington during the first quarter valued at $41,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Expeditors International of Washington in the third quarter valued at about $43,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Expeditors International of Washington in the second quarter worth about $43,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.7%

NASDAQ EXPD opened at $157.93 on Friday. The firm’s fifty day simple moving average is $146.23 and its two-hundred day simple moving average is $128.26. The firm has a market capitalization of $21.17 billion, a P/E ratio of 27.61, a P/E/G ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $158.91.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given 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 dividend payout ratio is currently 25.12%.

Insider Transactions at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director 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 legal filing with the SEC, which is available through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EXPD shares. JPMorgan Chase & Co. raised their target price on shares of 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. Barclays increased their price objective 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. Morgan Stanley boosted their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. Stifel Nicolaus increased their target price on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Finally, Truist Financial lifted their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $128.80.

About Expeditors International of Washington

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.