Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Bought by Busey Bank

Busey Bank increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 96,659 shares of the transportation company's stock after acquiring an additional 3,046 shares during the period. Busey Bank owned approximately 0.07% of Expeditors International of Washington worth $10,707,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Drystone LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth approximately $5,925,000. Franklin Parlapiano Turner & Welch LLC grew its position in Expeditors International of Washington by 1.2% in the fourth quarter. Franklin Parlapiano Turner & Welch LLC now owns 66,792 shares of the transportation company's stock worth $7,398,000 after acquiring an additional 785 shares during the period. Forsta AP Fonden grew its position in Expeditors International of Washington by 7.8% in the fourth quarter. Forsta AP Fonden now owns 83,200 shares of the transportation company's stock worth $9,216,000 after acquiring an additional 6,000 shares during the period. Asset Dedication LLC boosted its position in shares of Expeditors International of Washington by 339.9% during the fourth quarter. Asset Dedication LLC now owns 651 shares of the transportation company's stock worth $72,000 after buying an additional 503 shares during the period. Finally, KBC Group NV boosted its position in shares of Expeditors International of Washington by 836.7% during the fourth quarter. KBC Group NV now owns 339,705 shares of the transportation company's stock worth $37,629,000 after buying an additional 303,438 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPD has been the subject of several research analyst reports. Barclays raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. StockNews.com upgraded Expeditors International of Washington from a "hold" rating to a "buy" rating in a research report on Tuesday. TD Cowen increased their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Bank of America reduced their price objective on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $117.44.

Insider Activity

In related news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. The trade was a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.69% of the company's stock.

Expeditors International of Washington Stock Down 0.1 %

Expeditors International of Washington stock traded down $0.16 during midday trading on Friday, reaching $113.58. The company's stock had a trading volume of 1,209,545 shares, compared to its average volume of 1,023,822. The business has a 50-day simple moving average of $114.77 and a 200-day simple moving average of $119.41. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The company has a market cap of $15.90 billion, a P/E ratio of 22.14, a P/E/G ratio of 3.89 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the business earned $1.16 EPS. The business's quarterly revenue was up 37.0% on a year-over-year basis. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington's payout ratio is currently 28.46%.

About Expeditors International of Washington

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.