Zurich Insurance Group Ltd FI Purchases Shares of 13,200 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Zurich Insurance Group Ltd FI purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,200 shares of the transportation company’s stock, valued at approximately $1,462,000.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group lowered their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Susquehanna boosted their price target on Expeditors International of Washington from $115.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Barclays reduced their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Wednesday, May 7th. Finally, Truist Financial dropped their target price on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.89.

Expeditors International of Washington Stock Down 1.5%

Shares of EXPD opened at $116.35 on Wednesday. The business’s fifty day moving average is $112.27 and its 200 day moving average is $114.68. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The stock has a market cap of $15.93 billion, a P/E ratio of 20.34, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. The ex-dividend date is Monday, June 2nd. This represents a yield of 1.4%. Expeditors International of Washington’s dividend payout ratio is presently 25.58%.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $117.54, for a total value of $146,925.00. Following the completion of the sale, the vice president now directly owns 7,296 shares of the company’s stock, valued at $857,571.84. This represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.69% of the company’s stock.

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.