KBC Group NV Sells 240,076 Shares of Expeditors International of Washington, Inc. $EXPD

KBC Group NV trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 44.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,879 shares of the transportation company’s stock after selling 240,076 shares during the quarter. KBC Group NV owned about 0.22% of Expeditors International of Washington worth $34,718,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its stake 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 worth $717,470,000 after purchasing an additional 918,108 shares in the last quarter. Invesco Ltd. boosted its holdings in Expeditors International of Washington by 23.4% in 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 during the period. Boston Partners increased its stake in Expeditors International of Washington by 13.1% in 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. Jacobs Levy Equity Management Inc. raised its holdings in Expeditors International of Washington by 516.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock valued at $69,311,000 after acquiring an additional 482,814 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Expeditors International of Washington in the first quarter valued at about $43,816,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 5,400 shares of the company’s 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 transaction, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. This represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were 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 approximately $825,279.67. The trade was a 19.61% decrease in their position. The SEC filing for this sale provides additional information. 0.69% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on EXPD shares. TD Cowen increased their target price on 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 boosted their price target on shares of Expeditors International of Washington from $120.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. Truist Financial raised their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $128.78.

Expeditors International of Washington Stock Up 0.9%

NASDAQ EXPD opened at $140.80 on Thursday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $142.09. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 5.00 and a beta of 1.09. The company has a fifty day moving average of $123.15 and a two-hundred day moving average of $118.04.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 113.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 25.12%.

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.