Locust Wood Capital Advisers LLC Buys New Holdings in Expeditors International of Washington, Inc. $EXPD

Locust Wood Capital Advisers LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the second quarter, HoldingsChannel reports. The firm purchased 6,745 shares of the transportation company’s stock, valued at approximately $771,000.

A number of other hedge funds also recently made changes to their positions in EXPD. Zions Bancorporation National Association UT acquired a new position in shares of Expeditors International of Washington during the 1st quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Expeditors International of Washington in the second quarter valued at about $34,000. Ransom Advisory Ltd acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $41,000. Finally, Twin Tree Management LP bought a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director directly owned 6,468 shares in the company, valued at approximately $874,797. This trade represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the sale, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the subject of several research reports. Truist Financial raised their price objective on shares of 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. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. TD Cowen raised their price target on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday, November 5th. Barclays lifted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Finally, Stifel Nicolaus increased their price target on Expeditors International of Washington from $114.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.89.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $146.63 on Wednesday. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $148.38. The stock has a market capitalization of $19.65 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock has a fifty day moving average of $129.02 and a 200-day moving average of $121.22.

Expeditors International of Washington Announces Dividend

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

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.