Expeditors International of Washington, Inc. $EXPD Shares Acquired by Schroder Investment Management Group

by · The Cerbat Gem

Schroder Investment Management Group grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,554 shares of the transportation company’s stock after purchasing an additional 42,237 shares during the period. Schroder Investment Management Group’s holdings in Expeditors International of Washington were worth $31,254,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Expeditors International of Washington during the second quarter worth approximately $111,222,000. First Eagle Investment Management LLC raised its stake in shares of 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 worth $717,470,000 after buying an additional 918,108 shares during the period. Invesco Ltd. lifted its position in shares of Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after buying an additional 576,468 shares in the last quarter. Boston Partners grew its stake in Expeditors International of Washington by 13.1% in the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after acquiring an additional 498,212 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Expeditors International of Washington by 516.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after acquiring an additional 482,814 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on EXPD. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective on the stock in a report on Wednesday, November 5th. TD Cowen raised their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. Stifel Nicolaus boosted their price objective on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, November 6th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Finally, Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $131.89.

Check Out Our Latest Stock Report on Expeditors International of Washington

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $146.54 on Tuesday. The company has a market capitalization of $19.64 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The firm’s 50-day moving average is $128.51 and its two-hundred day moving average is $121.01. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $148.38.

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 paid a $0.77 dividend. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend is Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is 25.12%.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were 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 in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington 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 sale, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Profile

(Free Report)

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.

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