SG Americas Securities LLC Raises Stock Position in Expeditors International of Washington, Inc. $EXPD

SG Americas Securities LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 58.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,776 shares of the transportation company’s stock after purchasing an additional 10,298 shares during the quarter. SG Americas Securities LLC’s holdings in Expeditors International of Washington were worth $3,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HB Wealth Management LLC lifted its holdings in Expeditors International of Washington by 31.6% in the third quarter. HB Wealth Management LLC now owns 4,779 shares of the transportation company’s stock worth $586,000 after buying an additional 1,147 shares during the period. NDVR Inc. bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth approximately $202,000. D.A. Davidson & CO. lifted its stake in shares of Expeditors International of Washington by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 41,258 shares of the transportation company’s stock valued at $5,058,000 after purchasing an additional 783 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Expeditors International of Washington by 0.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 76,040 shares of the transportation company’s stock valued at $9,322,000 after purchasing an additional 655 shares during the period. Finally, Gateway Investment Advisers LLC boosted its position in shares of Expeditors International of Washington by 1.1% during the third quarter. Gateway Investment Advisers LLC now owns 11,847 shares of the transportation company’s stock valued at $1,452,000 after purchasing an additional 129 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 1.4%

Shares of EXPD opened at $161.13 on Tuesday. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 5.00 and a beta of 1.14. The business’s fifty day simple moving average is $147.73 and its two-hundred day simple moving average is $129.12. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $161.40.

Expeditors International of Washington Announces Dividend

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

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington 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 value of $730,350.00. Following the completion of the transaction, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. The trade was a 45.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president directly owned 6,151 shares in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on EXPD. TD Cowen increased their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price target for the stock from $138.00 to $166.00 in a research note on Monday, November 17th. Stifel Nicolaus upped their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Bank of America upgraded Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their target price on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $128.60.

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.