Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,164 shares of the transportation company’s stock after selling 295 shares during the period. First Trust Direct Indexing L.P.’s holdings in Expeditors International of Washington were worth $628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $966,000. Denali Advisors LLC boosted its holdings in Expeditors International of Washington by 12.3% in the first quarter. Denali Advisors LLC now owns 4,609 shares of the transportation company’s stock valued at $560,000 after purchasing an additional 504 shares in the last quarter. MV Capital Management Inc. boosted its holdings in Expeditors International of Washington by 4.2% in the first quarter. MV Capital Management Inc. now owns 20,054 shares of the transportation company’s stock valued at $2,438,000 after purchasing an additional 815 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Expeditors International of Washington in the first quarter valued at approximately $78,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Expeditors International of Washington by 24.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,996 shares of the transportation company’s stock valued at $4,619,000 after purchasing an additional 7,540 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $123.45 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $107.03 and a 12 month high of $131.17. The business has a 50 day simple moving average of $120.73 and a 200-day simple moving average of $121.83. The stock has a market capitalization of $17.44 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 5.77 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 4.89 EPS for the current year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EXPD. TD Cowen upped their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Stifel Nicolaus increased their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Robert W. Baird increased their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Finally, Susquehanna increased their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $113.44.

Insider Transactions at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares in the company, valued at $1,741,891.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.