SG Americas Securities LLC Sells 11,873 Shares of Expeditors International of Washington, Inc. $EXPD

SG Americas Securities LLC cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 40.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,478 shares of the transportation company’s stock after selling 11,873 shares during the period. SG Americas Securities LLC’s holdings in Expeditors International of Washington were worth $1,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. First Eagle Investment Management LLC grew its holdings in shares of 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 during the period. Invesco Ltd. boosted its position in Expeditors International of Washington by 23.4% in the first quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock worth $365,548,000 after purchasing an additional 576,468 shares during the last quarter. Boston Partners boosted its position in Expeditors International of Washington by 13.1% in the first quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock worth $516,385,000 after purchasing an additional 498,212 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Expeditors International of Washington by 516.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock valued at $69,311,000 after purchasing an additional 482,814 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $43,816,000. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EXPD shares. Truist Financial raised their price objective 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. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $116.00 to $134.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 5th. UBS Group upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $138.00 to $166.00 in a research note on Monday. Stifel Nicolaus boosted their price objective 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. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $131.89.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,400 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were 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 filing 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 that occurred on Wednesday, November 5th. The shares were sold at an average price of $134.17, for a total transaction of $201,255.00. Following the sale, the vice president owned 6,151 shares in the company, valued at approximately $825,279.67. The trade was a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 0.5%

NASDAQ:EXPD opened at $139.17 on Thursday. The business’s 50-day simple moving average is $124.97 and its two-hundred day simple moving average is $119.08. Expeditors International of Washington, Inc. has a 52 week low of $100.47 and a 52 week high of $143.02. The stock has a market cap of $18.65 billion, a PE ratio of 24.33, a P/E/G ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Investors 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 yield of 113.0%. Expeditors International of Washington’s payout ratio is currently 25.12%.

About Expeditors International of Washington

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.