Expeditors International of Washington, Inc. $EXPD Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 52.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,493 shares of the transportation company’s stock after selling 12,820 shares during the period. QRG Capital Management Inc.’s holdings in Expeditors International of Washington were worth $1,409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC lifted its position in shares of Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Expeditors International of Washington in the second quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new stake in Expeditors International of Washington during the second quarter valued at approximately $43,000. Bartlett & CO. Wealth Management LLC bought a new position in Expeditors International of Washington during the 3rd quarter worth approximately $43,000. Finally, Addison Advisors LLC lifted its stake in Expeditors International of Washington by 79.1% in the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock valued at $44,000 after buying an additional 170 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EXPD shares. Morgan Stanley increased their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Barclays upped their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Stifel Nicolaus lifted their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Finally, Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Price Performance

EXPD opened at $159.23 on Wednesday. The business has a fifty day simple moving average of $150.64 and a 200 day simple moving average of $131.01. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $164.48. The company has a market capitalization of $21.34 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Announces Dividend

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

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The stock was 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 in the company, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington 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.