NorthRock Partners LLC Buys New Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

NorthRock Partners LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,038 shares of the transportation company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Drystone LLC purchased a new stake in Expeditors International of Washington in the 4th quarter valued at $5,925,000. Allworth Financial LP increased its stake in Expeditors International of Washington by 22.9% in the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after purchasing an additional 1,216 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Expeditors International of Washington by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock valued at $8,459,000 after buying an additional 20,658 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $342,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $11,219,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of several analyst reports. UBS Group reduced their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Barclays dropped their target price on Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 7th. Susquehanna raised their price target 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. StockNews.com downgraded Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Finally, Stifel Nicolaus cut their price objective on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington Stock Up 2.7%

Shares of EXPD stock opened at $118.10 on Monday. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $131.59. The business has a fifty day simple moving average of $112.26 and a 200-day simple moving average of $114.68. The stock has a market cap of $16.17 billion, a P/E ratio of 20.65, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.4%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is presently 25.58%.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $117.54, for a total transaction of $146,925.00. Following the completion of the transaction, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.