Voloridge Investment Management LLC Has $53.83 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Voloridge Investment Management LLC grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,963 shares of the transportation company’s stock after purchasing an additional 23,599 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.35% of Expeditors International of Washington worth $53,830,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Worldquant Millennium Advisors LLC lifted its holdings in Expeditors International of Washington by 3,471.2% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 144,064 shares of the transportation company’s stock worth $15,958,000 after purchasing an additional 140,030 shares during the last quarter. Woodline Partners LP bought a new position in Expeditors International of Washington during the 4th quarter worth $931,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $1,462,000. Vident Advisory LLC lifted its holdings in shares of Expeditors International of Washington by 98.1% during the fourth quarter. Vident Advisory LLC now owns 10,986 shares of the transportation company’s stock worth $1,217,000 after buying an additional 5,439 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Expeditors International of Washington by 57.0% in the fourth quarter. Two Sigma Advisers LP now owns 669,700 shares of the transportation company’s stock valued at $74,183,000 after acquiring an additional 243,200 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 1.5%

Shares of NASDAQ EXPD opened at $116.35 on Wednesday. The stock has a 50-day moving average price of $112.27 and a two-hundred day moving average price of $114.68. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $131.59. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXPD. Truist Financial dropped their price objective on shares of 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. JPMorgan Chase & Co. dropped their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. UBS Group cut their price target 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. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Stifel Nicolaus reduced their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $113.89.

Insider Transactions at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares in the company, valued at $857,571.84. This represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.69% of the company’s stock.

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.