Prudential PLC Grows Holdings in Expeditors International of Washington, Inc. $EXPD

Prudential PLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,873 shares of the transportation company’s stock after purchasing an additional 4,198 shares during the quarter. Prudential PLC’s holdings in Expeditors International of Washington were worth $5,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new position in Expeditors International of Washington in the 1st quarter worth about $30,000. Atlantic Union Bankshares Corp bought a new position in Expeditors International of Washington in the 2nd quarter worth about $34,000. Ransom Advisory Ltd purchased a new position in shares of Expeditors International of Washington during the first quarter worth approximately $41,000. Twin Tree Management LP bought a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $42,000. Finally, Addison Advisors LLC raised its stake in shares of Expeditors International of Washington by 79.1% during the second quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 170 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 owned 6,468 shares of the company’s stock, valued at $874,797. This represents a 45.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $201,255.00. Following the completion of the transaction, the vice president directly owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on EXPD shares. JPMorgan Chase & Co. raised 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. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Stifel Nicolaus raised their price target on Expeditors International of Washington from $114.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, November 6th. TD Cowen lifted their price objective on Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a report on Wednesday, November 5th. Finally, Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, September 11th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $131.89.

Expeditors International of Washington Price Performance

EXPD opened at $143.39 on Friday. The business’s 50-day moving average is $125.67 and its two-hundred day moving average is $119.44. Expeditors International of Washington, Inc. has a 1 year low of $100.47 and a 1 year high of $143.83. The firm has a market capitalization of $19.22 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given 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 payout ratio is presently 25.12%.

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.