Tobam Invests $1.14 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Tobam purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,454 shares of the transportation company’s stock, valued at approximately $1,137,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. 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 valued at $450,881,000 after acquiring an additional 987,233 shares during the period. Norges Bank acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $107,863,000. Boston Partners grew its holdings in Expeditors International of Washington by 29.7% in the fourth 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 period. First Trust Advisors LP grew its holdings in Expeditors International of Washington by 33.8% in the fourth 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 period. Finally, GAMMA Investing LLC grew its holdings in Expeditors International of Washington by 13,910.4% in the first quarter. GAMMA Investing LLC now owns 507,455 shares of the transportation company’s stock worth $61,021,000 after purchasing an additional 503,833 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.1%

Shares of NASDAQ EXPD opened at $114.61 on Friday. The firm’s 50-day moving average price is $111.01 and its 200-day moving average price is $113.88. The company has a market cap of $15.70 billion, a PE ratio of 20.04, a PEG ratio of 5.00 and a beta of 1.07. 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 business also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given 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 an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.73. Expeditors International of Washington’s payout ratio is currently 25.58%.

Analyst Ratings Changes

A number of equities research analysts have commented on EXPD shares. Barclays reduced 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 report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on shares of Expeditors International of Washington from $114.00 to $108.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. TD Cowen dropped their price objective on shares of Expeditors International of Washington from $112.00 to $107.00 and set a “sell” rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Finally, Benchmark reaffirmed a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington 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.