SG Americas Securities LLC Grows Stake in Expeditors International of Washington, Inc. $EXPD

SG Americas Securities LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 58.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,776 shares of the transportation company’s stock after acquiring an additional 10,298 shares during the period. SG Americas Securities LLC’s holdings in Expeditors International of Washington were worth $3,405,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXPD. Vermillion & White Wealth Management Group LLC boosted its position in Expeditors International of Washington by 82.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Expeditors International of Washington in the 2nd quarter worth approximately $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Expeditors International of Washington in the second quarter worth approximately $43,000. Bartlett & CO. Wealth Management LLC bought a new stake in Expeditors International of Washington during the third quarter valued at approximately $43,000. Finally, Addison Advisors LLC increased its holdings in 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 buying an additional 170 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXPD shares. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. TD Cowen raised their target price on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday. Truist Financial upped their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $128.60.

Expeditors International of Washington Trading Up 1.4%

Shares of Expeditors International of Washington stock opened at $161.13 on Tuesday. The stock has a 50 day moving average of $147.73 and a 200 day moving average of $129.12. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $161.40. The firm has a market cap of $21.59 billion, a PE ratio of 28.17, a PEG ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $825,279.67. This represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Emmert sold 5,400 shares of Expeditors International of Washington 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 transaction, the director directly owned 6,468 shares of the company’s stock, valued at $874,797. The trade was a 45.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.69% of the stock is owned by corporate insiders.

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.