Gotham Asset Management LLC Has $1.10 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Gotham Asset Management LLC lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 49.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,895 shares of the transportation company’s stock after selling 9,815 shares during the quarter. Gotham Asset Management LLC’s holdings in Expeditors International of Washington were worth $1,096,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its position in Expeditors International of Washington by 32.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after buying an additional 987,233 shares in the last quarter. Boston Partners lifted its stake in Expeditors International of Washington by 29.7% during the fourth quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after purchasing an additional 869,637 shares during the last quarter. Geode Capital Management LLC lifted its stake in Expeditors International of Washington by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock worth $374,771,000 after purchasing an additional 57,736 shares during the last quarter. First Trust Advisors LP lifted its stake in Expeditors International of Washington by 33.8% during the fourth quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Expeditors International of Washington by 10.6% during the fourth quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock worth $272,874,000 after purchasing an additional 235,409 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 2.7%

Shares of NASDAQ:EXPD opened at $118.10 on Friday. The firm has a market cap of $16.17 billion, a P/E ratio of 20.65, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The business has a fifty day simple moving average of $112.26 and a 200 day simple moving average of $114.71.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.77 per share. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 25.58%.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This trade represents a 14.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EXPD has been the subject of several recent analyst reports. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Barclays cut their target price on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, May 7th. UBS Group cut their target price on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Truist Financial dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna increased their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $113.89.

Expeditors International of Washington Profile

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.