Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 64.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 325,023 shares of the transportation company’s stock after purchasing an additional 127,469 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Expeditors International of Washington were worth $36,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in EXPD. Franklin Resources Inc. raised its position in shares of Expeditors International of Washington by 18.9% in the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company’s stock worth $23,623,000 after acquiring an additional 30,785 shares during the period. Drystone LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth approximately $5,925,000. Allworth Financial LP grew its holdings in Expeditors International of Washington by 22.9% in the fourth quarter. Allworth Financial LP now owns 6,518 shares of the transportation company’s stock valued at $732,000 after purchasing an additional 1,216 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Expeditors International of Washington by 37.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock valued at $8,459,000 after buying an additional 20,658 shares in the last quarter. Finally, Beaumont Financial Advisors LLC acquired 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 hedge funds and other institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 1,250 shares of Expeditors International of Washington stock in a transaction that occurred on Thursday, February 20th. The shares were 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 of the company’s stock, valued at approximately $857,571.84. The trade was a 14.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Stock Down 0.9 %

Shares of EXPD opened at $109.27 on Friday. The stock has a fifty day simple moving average of $112.78 and a two-hundred day simple moving average of $114.85. The company has a market capitalization of $15.05 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. 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 announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.77 per share. The ex-dividend date is Monday, June 2nd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. This represents a yield of 1.4%. Expeditors International of Washington’s payout ratio is 25.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EXPD shares. Susquehanna lifted their price target on shares of 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. StockNews.com cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Bank of America decreased their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. UBS Group cut 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 note on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.70.

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.