Parkside Financial Bank & Trust Sells 533 Shares of Expeditors International of Washington, Inc. $EXPD

Parkside Financial Bank & Trust cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 46.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 613 shares of the transportation company’s stock after selling 533 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Expeditors International of Washington were worth $70,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. AGF Management Ltd. raised its holdings in shares of Expeditors International of Washington by 17.5% during the second quarter. AGF Management Ltd. now owns 26,632 shares of the transportation company’s stock valued at $3,043,000 after purchasing an additional 3,960 shares during the period. Drystone LLC raised its stake in Expeditors International of Washington by 0.5% during the 2nd quarter. Drystone LLC now owns 53,971 shares of the transportation company’s stock worth $6,166,000 after buying an additional 280 shares during the period. First Eagle Investment Management LLC boosted its holdings in Expeditors International of Washington by 17.1% in the second quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after acquiring an additional 918,108 shares in the last quarter. Sound Financial Strategies Group LLC grew its stake in Expeditors International of Washington by 40.2% in the second quarter. Sound Financial Strategies Group LLC now owns 6,522 shares of the transportation company’s stock valued at $745,000 after acquiring an additional 1,870 shares during the period. Finally, Achmea Investment Management B.V. increased its holdings in shares of Expeditors International of Washington by 52.4% during the second quarter. Achmea Investment Management B.V. now owns 15,120 shares of the transportation company’s stock valued at $1,728,000 after acquiring an additional 5,198 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXPD has been the subject of several research reports. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, November 6th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price objective for the company in a report on Wednesday, November 5th. Truist Financial upped their target price on shares of Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a report on Wednesday, November 5th. Eight investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $128.78.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $139.46 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $141.79. The firm’s 50-day simple moving average is $122.74 and its 200 day simple moving average is $117.88. The stock has a market cap of $18.93 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.77 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 113.0%. Expeditors International of Washington’s dividend payout ratio is currently 25.12%.

Insider Buying and Selling

In other news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $135.25, for a total transaction of $730,350.00. Following the completion of the sale, the director directly owned 6,468 shares of the company’s stock, valued at $874,797. This trade represents a 45.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jeffrey F. Dickerman sold 1,500 shares of Expeditors International of Washington stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the sale, the vice president owned 6,151 shares in the company, valued at $825,279.67. The trade was a 19.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.69% of the company’s stock.

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.