Bridgefront Capital LLC Takes $207,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Bridgefront Capital LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,873 shares of the transportation company’s stock, valued at approximately $207,000.

Several other institutional investors have also added to or reduced their stakes in EXPD. Franklin Resources Inc. raised its stake in shares of Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock valued at $23,623,000 after purchasing an additional 30,785 shares during the period. Drystone LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $5,925,000. Allworth Financial LP lifted its stake in Expeditors International of Washington by 22.9% in the 4th quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after acquiring an additional 1,216 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Expeditors International of Washington by 37.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock worth $8,459,000 after acquiring an additional 20,658 shares during the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $342,000. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EXPD shares. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. TD Cowen dropped their target price on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a report on Wednesday. Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Finally, Susquehanna upped their price objective on Expeditors International of Washington from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $113.70.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 1,250 shares of the business’s stock in a transaction 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 in the company, valued at $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $110.27 on Friday. The stock has a market cap of $15.19 billion, a PE ratio of 19.28, a P/E/G ratio of 5.00 and a beta of 1.09. The firm has a 50-day moving average of $112.96 and a 200-day moving average of $114.95. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59.

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%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is currently 25.52%.

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.