Rafferty Asset Management LLC Buys 1,228 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Rafferty Asset Management LLC lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,508 shares of the transportation company’s stock after acquiring an additional 1,228 shares during the quarter. Rafferty Asset Management LLC’s holdings in Expeditors International of Washington were worth $1,829,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. NDVR Inc. grew its stake in shares of Expeditors International of Washington by 5.8% during the 4th quarter. NDVR Inc. now owns 1,812 shares of the transportation company’s stock valued at $201,000 after acquiring an additional 99 shares during the period. Azimuth Capital Investment Management LLC grew its stake in shares of Expeditors International of Washington by 4.4% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,350 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 100 shares during the period. Manchester Capital Management LLC grew its stake in shares of Expeditors International of Washington by 3.5% during the 4th quarter. Manchester Capital Management LLC now owns 3,032 shares of the transportation company’s stock valued at $336,000 after acquiring an additional 103 shares during the period. Chapman Investment Management LLC grew its stake in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Chapman Investment Management LLC now owns 18,967 shares of the transportation company’s stock valued at $2,101,000 after acquiring an additional 112 shares during the period. Finally, OLD National Bancorp IN grew its stake in shares of Expeditors International of Washington by 5.3% during the 4th quarter. OLD National Bancorp IN now owns 2,234 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 113 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Insider Transactions 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 stock was sold at an average price of $117.54, for a total transaction of $146,925.00. Following the sale, the vice president now owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXPD. UBS Group dropped their price target 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. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Truist Financial dropped their price target on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. TD Cowen dropped their price target on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $113.89.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $116.35 on Wednesday. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $131.59. The business’s 50 day simple moving average is $112.27 and its 200-day simple moving average is $114.68.

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 issued a dividend of $0.77 per share. This represents a dividend yield of 1.4%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. Expeditors International of Washington’s dividend payout ratio is 25.58%.

Expeditors International of Washington Company 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.