Deutsche Bank AG Raises Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Deutsche Bank AG grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 25.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 889,741 shares of the transportation company’s stock after buying an additional 182,566 shares during the period. Deutsche Bank AG’s holdings in Expeditors International of Washington were worth $98,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth $25,000. SRS Capital Advisors Inc. raised its stake in shares of Expeditors International of Washington by 431.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Expeditors International of Washington during the 4th quarter worth about $39,000. Colonial Trust Co SC boosted its stake in Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC bought a new position in Expeditors International of Washington in the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.9%

EXPD opened at $109.27 on Monday. The business’s fifty day simple moving average is $112.78 and its 200 day simple moving average is $114.81. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $131.59. The stock has a market cap of $15.05 billion, a PE ratio of 19.10, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders 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 is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is 25.58%.

Insider Activity at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction 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 transaction, the vice president now owns 7,296 shares of the company’s stock, valued at approximately $857,571.84. This trade represents a 14.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of recent analyst reports. TD Cowen lowered their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a report on Wednesday, May 7th. Susquehanna increased their target price on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. StockNews.com lowered shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Barclays lowered their price objective 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. Finally, Bank of America reduced their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $113.70.

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.