Quantbot Technologies LP Purchases 15,903 Shares of Expeditors International of Washington, Inc. $EXPD

Quantbot Technologies LP increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 53.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,767 shares of the transportation company’s stock after acquiring an additional 15,903 shares during the period. Quantbot Technologies LP’s holdings in Expeditors International of Washington were worth $5,229,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in Expeditors International of Washington in the second quarter worth $111,222,000. First Eagle Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 17.1% in the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after buying an additional 918,108 shares during the last quarter. Invesco Ltd. lifted its position in Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after buying an additional 576,468 shares in the last quarter. Boston Partners lifted its position in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after buying an additional 498,212 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Expeditors International of Washington by 516.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after acquiring an additional 482,814 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD opened at $146.63 on Wednesday. The company has a fifty day moving average price of $129.02 and a two-hundred day moving average price of $121.22. The firm has a market capitalization of $19.65 billion, a PE ratio of 25.63, a P/E/G ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $148.38.

Expeditors International of Washington Dividend Announcement

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

Analysts Set New Price Targets

EXPD has been the topic of a number of research reports. TD Cowen upped their target price on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday, November 5th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $138.00 to $166.00 in a research report on Monday, November 17th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Truist Financial lifted their target price on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.89.

Insider Activity

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the firm’s 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 transaction, the director owned 6,468 shares in the company, valued at approximately $874,797. This trade represents a 45.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $825,279.67. The trade was 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.

About Expeditors International of Washington

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.