Siemens Fonds Invest GmbH Has $78,000 Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Siemens Fonds Invest GmbH reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 72.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 702 shares of the transportation company’s stock after selling 1,880 shares during the period. Siemens Fonds Invest GmbH’s holdings in Expeditors International of Washington were worth $78,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EXPD. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company’s stock worth $450,881,000 after purchasing an additional 987,233 shares during the last quarter. Norges Bank acquired a new position in Expeditors International of Washington in the 4th quarter worth about $107,863,000. Boston Partners increased its position in Expeditors International of Washington by 29.7% in the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company’s stock worth $420,693,000 after purchasing an additional 869,637 shares during the last quarter. First Trust Advisors LP increased its position in Expeditors International of Washington by 33.8% in the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company’s stock worth $302,936,000 after purchasing an additional 690,539 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in Expeditors International of Washington in the 4th quarter worth about $55,036,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Up 2.7%

EXPD opened at $118.10 on Monday. The firm has a market capitalization of $16.17 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The stock’s 50 day moving average price is $112.26 and its two-hundred day moving average price is $114.68. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 1.4%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s dividend payout ratio (DPR) is 25.58%.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the firm’s 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 sale, the vice president now owns 7,296 shares of the company’s stock, valued at $857,571.84. This trade represents a 14.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus dropped their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Benchmark reissued a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, February 19th. Truist Financial lowered their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. TD Cowen lowered their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group lowered their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.89.

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.