Oregon Public Employees Retirement Fund Purchases 3,616 Shares of Expeditors International of Washington, Inc. $EXPD

Oregon Public Employees Retirement Fund raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 30.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,438 shares of the transportation company’s stock after purchasing an additional 3,616 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Expeditors International of Washington were worth $1,893,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC grew its stake in shares of Expeditors International of Washington by 82.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 268 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Expeditors International of Washington in the 2nd quarter worth $34,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Expeditors International of Washington in the second quarter worth about $43,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at approximately $43,000. Finally, Addison Advisors LLC grew its stake in shares of Expeditors International of Washington by 79.1% in the 2nd quarter. Addison Advisors LLC now owns 385 shares of the transportation company’s stock worth $44,000 after buying an additional 170 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,500 shares of the firm’s 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 completion of the sale, the vice president directly 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 sale 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 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 transaction, the director directly 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EXPD shares. UBS Group raised Expeditors International of Washington from a “neutral” rating to a “buy” rating and boosted their target price for the company from $138.00 to $166.00 in a research report on Monday, November 17th. Truist Financial boosted their price target on Expeditors International of Washington from $120.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. TD Cowen increased their price target on Expeditors International of Washington from $111.00 to $131.00 and gave the stock a “sell” rating in a research report on Wednesday, November 5th. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $130.00 to $136.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $128.60.

Expeditors International of Washington Trading Down 0.3%

EXPD opened at $160.71 on Wednesday. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 5.00 and a beta of 1.14. Expeditors International of Washington, Inc. has a 12 month low of $100.47 and a 12 month high of $161.83. The stock has a fifty day moving average price of $148.23 and a 200-day moving average price of $129.44.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.77 per share. This represents a dividend 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.