Nordea Investment Management AB Increases Stock Position in Expeditors International of Washington, Inc. $EXPD

Nordea Investment Management AB lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648,101 shares of the transportation company’s stock after buying an additional 44,849 shares during the period. Nordea Investment Management AB owned about 0.48% of Expeditors International of Washington worth $78,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Clifford Swan Investment Counsel LLC increased its position in Expeditors International of Washington by 18.0% during the second quarter. Clifford Swan Investment Counsel LLC now owns 71,213 shares of the transportation company’s stock worth $8,136,000 after purchasing an additional 10,858 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Expeditors International of Washington by 48.0% during the 2nd quarter. American Century Companies Inc. now owns 364,050 shares of the transportation company’s stock worth $41,593,000 after buying an additional 118,114 shares during the last quarter. Ascent Group LLC raised its position in shares of Expeditors International of Washington by 237.3% in the 3rd quarter. Ascent Group LLC now owns 10,315 shares of the transportation company’s stock worth $1,265,000 after buying an additional 7,257 shares during the period. Prudential Financial Inc. boosted its holdings in Expeditors International of Washington by 7.2% in the second quarter. Prudential Financial Inc. now owns 82,596 shares of the transportation company’s stock valued at $9,437,000 after acquiring an additional 5,537 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Expeditors International of Washington during the second quarter worth about $3,359,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of several recent research reports. Stifel Nicolaus boosted 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 Expeditors International of Washington from $90.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, December 8th. Truist Financial boosted their price objective 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. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Bank of America upgraded shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $128.60.

Expeditors International of Washington Stock Up 0.8%

EXPD stock opened at $162.03 on Thursday. The company has a 50 day moving average of $148.71 and a two-hundred day moving average of $129.67. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $162.45. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 28.33, 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 of this dividend was Monday, December 1st. Expeditors International of Washington’s dividend payout ratio is 25.12%.

Insiders Place Their Bets

In related news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $134.17, for a total value of $201,255.00. Following the transaction, the vice president owned 6,151 shares in the company, valued at $825,279.67. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Emmert sold 5,400 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $135.25, for a total transaction of $730,350.00. Following the transaction, the director owned 6,468 shares in the company, valued at approximately $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 currently owned by company 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.