Expeditors International of Washington, Inc. $EXPD Stock Position Decreased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.5% during the second quarter, HoldingsChannel.com reports. The fund owned 5,437 shares of the transportation company’s stock after selling 998 shares during the period. Frank Rimerman Advisors LLC’s holdings in Expeditors International of Washington were worth $621,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Expeditors International of Washington by 3.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,798 shares of the transportation company’s stock worth $1,299,000 after buying an additional 374 shares during the period. Clifford Swan Investment Counsel LLC raised its holdings in shares of Expeditors International of Washington by 18.0% during the second quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock valued at $8,136,000 after acquiring an additional 10,858 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Expeditors International of Washington by 6.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,426 shares of the transportation company’s stock valued at $292,000 after acquiring an additional 149 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in Expeditors International of Washington in the 1st quarter worth approximately $200,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Expeditors International of Washington during the 2nd quarter worth approximately $21,493,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were 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 $874,797. This represents a 45.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXPD. Barclays increased their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, September 11th. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $138.00 to $166.00 in a research note on Monday. Truist Financial raised their price objective on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. TD Cowen upped their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $131.89.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $139.17 on Thursday. The firm has a market cap of $18.65 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 5.00 and a beta of 1.09. The stock has a 50-day simple moving average of $124.97 and a 200-day simple moving average of $119.08. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $143.02.

Expeditors International of Washington Announces Dividend

The firm also recently announced 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 is Monday, December 1st. This represents a yield of 113.0%. Expeditors International of Washington’s payout ratio is 25.12%.

Expeditors International of Washington Profile

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.