L. Roy Papp & Associates LLP Has $19.58 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

L. Roy Papp & Associates LLP trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,848 shares of the transportation company’s stock after selling 1,457 shares during the period. Expeditors International of Washington comprises about 2.4% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 14th largest holding. L. Roy Papp & Associates LLP owned about 0.12% of Expeditors International of Washington worth $19,582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $25,000. SRS Capital Advisors Inc. grew its stake in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $39,000. Colonial Trust Co SC grew its stake in Expeditors International of Washington by 58.6% in the fourth quarter. Colonial Trust Co SC now owns 352 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 130 shares during the period. Finally, Parvin Asset Management LLC acquired a new position in Expeditors International of Washington in the fourth quarter valued at about $42,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on EXPD shares. Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, February 19th. Truist Financial reduced their price objective on Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. TD Cowen reduced their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating for the company in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Sunday, February 16th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $113.89.

Expeditors International of Washington Stock Performance

EXPD opened at $111.78 on Thursday. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm has a market capitalization of $15.31 billion, a PE ratio of 19.54, a PEG ratio of 5.00 and a beta of 1.07. The business’s 50-day simple moving average is $111.20 and its 200 day simple moving average is $114.16.

Expeditors International of Washington Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.77 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 2nd. 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 is presently 25.58%.

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.