Expeditors International of Washington, Inc. $EXPD Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 146.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 38,855 shares of the transportation company’s stock after buying an additional 23,082 shares during the quarter. Osaic Holdings Inc.’s holdings in Expeditors International of Washington were worth $4,580,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its holdings in Expeditors International of Washington by 17.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after buying an additional 918,108 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Expeditors International of Washington by 1.5% during the second quarter. Loomis Sayles & Co. L P now owns 5,744,971 shares of the transportation company’s stock worth $656,363,000 after acquiring an additional 83,366 shares during the period. First Trust Advisors LP raised its stake in shares of Expeditors International of Washington by 19.3% in the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after acquiring an additional 335,578 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Expeditors International of Washington by 5.0% in the second quarter. Baird Financial Group Inc. now owns 1,937,324 shares of the transportation company’s stock valued at $221,339,000 after purchasing an additional 92,222 shares during the period. Finally, Marshfield Associates grew its stake in Expeditors International of Washington by 0.8% during the 1st quarter. Marshfield Associates now owns 1,841,746 shares of the transportation company’s stock worth $221,470,000 after purchasing an additional 14,127 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $116.00 to $134.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Bank of America raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 target price on the stock in a report on Wednesday, November 5th. TD Cowen lifted their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Truist Financial increased their price objective on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $128.80.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the sale, the director directly owned 6,468 shares of the company’s stock, valued at approximately $874,797. The trade was a 45.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total value of $201,255.00. Following the completion of the sale, the vice president directly owned 6,151 shares of the company’s stock, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Trading Down 0.9%

EXPD stock opened at $151.65 on Wednesday. The stock has a market cap of $20.32 billion, a P/E ratio of 26.51, a PEG ratio of 5.00 and a beta of 1.15. Expeditors International of Washington, Inc. has a twelve month low of $100.47 and a twelve month high of $155.04. The company’s 50 day moving average is $138.15 and its two-hundred day moving average is $125.19.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given 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 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.