Voya Investment Management LLC Sells 9,099 Shares of Expeditors International of Washington, Inc. $EXPD

Voya Investment Management LLC trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,479 shares of the transportation company’s stock after selling 9,099 shares during the period. Voya Investment Management LLC’s holdings in Expeditors International of Washington were worth $3,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Expeditors International of Washington during the second quarter worth approximately $111,222,000. First Eagle Investment Management LLC raised its position in Expeditors International of Washington by 17.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock worth $717,470,000 after purchasing an additional 918,108 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Expeditors International of Washington by 516.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock worth $69,311,000 after purchasing an additional 482,814 shares during the last quarter. First Trust Advisors LP boosted its position in Expeditors International of Washington by 19.3% during the second quarter. First Trust Advisors LP now owns 2,077,347 shares of the transportation company’s stock valued at $237,337,000 after buying an additional 335,578 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Expeditors International of Washington during the second quarter valued at about $21,493,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, Director Mark A. Emmert sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $135.25, for a total value of $730,350.00. Following the completion of the transaction, the director owned 6,468 shares in the company, valued at $874,797. This trade represents a 45.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $201,255.00. Following the sale, the vice president owned 6,151 shares in the company, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EXPD shares. Stifel Nicolaus raised their price target on Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Morgan Stanley raised their target price on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, December 8th. Bank of America upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $142.00 price target for the company in a report on Wednesday, November 5th. UBS Group raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating and increased their price target for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Finally, TD Cowen upped their price objective on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the company a “sell” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $128.80.

Expeditors International of Washington Trading Up 0.5%

Shares of Expeditors International of Washington stock opened at $152.30 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $155.04. The company has a market cap of $20.41 billion, a P/E ratio of 26.63, a PEG ratio of 5.00 and a beta of 1.15. The company’s fifty day simple moving average is $140.14 and its two-hundred day simple moving average is $125.83.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.77 dividend. This represents a yield of 105.0%. The ex-dividend date of this dividend was Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is presently 25.12%.

Expeditors International of Washington Company Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.