GHP Investment Advisors Inc. Has $11.85 Million Position in Expeditors International of Washington, Inc. $EXPD

GHP Investment Advisors Inc. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 96,621 shares of the transportation company’s stock after buying an additional 3,255 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Expeditors International of Washington were worth $11,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC boosted its holdings in Expeditors International of Washington by 82.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Expeditors International of Washington during the 2nd quarter worth approximately $34,000. CYBER HORNET ETFs LLC acquired a new stake in Expeditors International of Washington in the 2nd quarter valued at $43,000. Bartlett & CO. Wealth Management LLC bought a new stake in Expeditors International of Washington in the third quarter valued at $43,000. Finally, Addison Advisors LLC grew its position in Expeditors International of Washington by 79.1% in 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 during the period. Institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

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 Expeditors International of Washington stock in a transaction dated 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 sale, the director owned 6,468 shares of the company’s stock, valued at approximately $874,797. The trade was a 45.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

EXPD has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a report on Monday, January 12th. Bank of America raised shares of Expeditors International of Washington from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Morgan Stanley upped their price objective on shares of Expeditors International of Washington from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, December 8th. TD Cowen raised their price objective on shares of Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a report on Wednesday, November 5th. Finally, Zacks Research downgraded Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Reduce” and a consensus price target of $134.10.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $159.27 on Friday. The firm has a 50 day simple moving average of $151.95 and a 200 day simple moving average of $131.74. Expeditors International of Washington, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $164.48. The firm has a market cap of $21.35 billion, a P/E ratio of 27.84, a P/E/G ratio of 5.00 and a beta of 1.14.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.77 per share. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 105.0%. Expeditors International of Washington’s 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.