Expeditors International of Washington, Inc. (NASDAQ:EXPD) Position Reduced by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,739 shares of the transportation company’s stock after selling 170 shares during the quarter. Armstrong Henry H Associates Inc.’s holdings in Expeditors International of Washington were worth $570,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. First Eagle Investment Management LLC increased its holdings in shares of Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock valued at $450,881,000 after purchasing an additional 987,233 shares during the period. Boston Partners increased its holdings in shares of Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock valued at $420,693,000 after purchasing an additional 869,637 shares during the period. Geode Capital Management LLC increased its holdings in shares of Expeditors International of Washington by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company’s stock valued at $374,771,000 after purchasing an additional 57,736 shares during the period. First Trust Advisors LP increased its holdings in shares of Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock valued at $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Expeditors International of Washington by 10.6% in the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company’s stock valued at $272,874,000 after purchasing an additional 235,409 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXPD. Susquehanna upped their target price on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Wall Street Zen downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Sunday, February 16th. JPMorgan Chase & Co. dropped their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Finally, Truist Financial dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $113.89.

Expeditors International of Washington Trading Down 0.5%

EXPD opened at $112.69 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $100.47 and a 1-year high of $131.59. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 5.00 and a beta of 1.09. The business has a 50 day moving average of $111.69 and a 200-day moving average of $114.34.

Expeditors International of Washington Increases Dividend

The company 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 $0.77 dividend. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a yield of 1.4%. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.58%.

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.