Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC boosted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.0% in the 1st quarter, Holdings Channel reports. The firm owned 11,830 shares of the transportation company’s stock after purchasing an additional 779 shares during the period. Gateway Investment Advisers LLC’s holdings in Expeditors International of Washington were worth $1,423,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings 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 purchasing an additional 1,216 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Expeditors International of Washington by 37.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,917 shares of the transportation company’s stock valued at $8,459,000 after purchasing an additional 20,658 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $13,008,000. Focus Partners Wealth acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $432,000. Finally, Sovran Advisors LLC acquired a new stake in Expeditors International of Washington in the 4th quarter valued at approximately $555,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 1.1%

Shares of EXPD stock opened at $112.36 on Monday. The firm has a fifty day moving average price of $110.82 and a 200 day moving average price of $113.98. The company has a market cap of $15.39 billion, a P/E ratio of 19.64, a PEG ratio of 5.00 and a beta of 1.07. 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 company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 1.4%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is presently 25.58%.

Analyst Ratings Changes

Several research firms recently weighed in on EXPD. JPMorgan Chase & Co. dropped their target price on shares of 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. Susquehanna boosted their price target on shares of 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. Barclays dropped their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, May 7th. UBS Group dropped their price target on shares of Expeditors International of Washington from $128.00 to $117.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Sunday, February 16th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.