Vest Financial LLC Sells 28,877 Shares of Expeditors International of Washington, Inc. $EXPD

Vest Financial LLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.8% in the 3rd quarter, Holdings Channel reports. The fund owned 471,784 shares of the transportation company’s stock after selling 28,877 shares during the quarter. Vest Financial LLC’s holdings in Expeditors International of Washington were worth $57,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Expeditors International of Washington by 82.3% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Expeditors International of Washington in the 2nd quarter valued at approximately $34,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $43,000. CYBER HORNET ETFs LLC bought a new position in Expeditors International of Washington during the second quarter worth about $43,000. Finally, Addison Advisors LLC lifted its stake in shares of Expeditors International of Washington by 79.1% during the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after buying an additional 170 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total transaction of $201,255.00. Following the transaction, the vice president directly owned 6,151 shares of the company’s stock, valued at $825,279.67. The trade was a 19.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 directly owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

EXPD stock opened at $159.23 on Wednesday. The company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 5.00 and a beta of 1.14. The business’s 50 day moving average price is $150.64 and its two-hundred day moving average price is $131.01. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $164.48.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.77 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s payout ratio is currently 25.12%.

Wall Street Analyst Weigh In

EXPD has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their target price for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Stifel Nicolaus boosted their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Barclays lifted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, January 15th. Finally, Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $134.10.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.