Expeditors International of Washington, Inc. $EXPD Shares Sold by Vest Financial LLC

Vest Financial LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 471,784 shares of the transportation company’s stock after selling 28,877 shares during the quarter. Vest Financial LLC owned approximately 0.35% of Expeditors International of Washington worth $57,836,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EXPD. Vermillion & White Wealth Management Group LLC raised its holdings in Expeditors International of Washington by 82.3% in the 2nd 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 during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Expeditors International of Washington during the second quarter worth approximately $34,000. CYBER HORNET ETFs LLC purchased a new stake in Expeditors International of Washington during the 2nd quarter valued at about $43,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Expeditors International of Washington in the 3rd quarter valued at $43,000. Finally, Addison Advisors LLC raised its holdings in shares of Expeditors International of Washington by 79.1% during the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays lifted their target price on Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 15th. Stifel Nicolaus upped their target price on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and upped their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Finally, Morgan Stanley boosted their target price on Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $134.10.

Insider Buying and Selling

In other news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This represents a 45.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This represents a 19.61% 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 Trading Down 2.0%

Shares of NASDAQ:EXPD opened at $159.23 on Wednesday. The firm has a market cap of $21.34 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $164.48. The stock’s 50-day moving average price is $150.64 and its two-hundred day moving average price is $131.01.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.77 per share. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend was Monday, December 1st. Expeditors International of Washington’s payout ratio is presently 25.12%.

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.