Hendley & Co. Inc. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,730 shares of the transportation company’s stock after selling 13,285 shares during the period. Expeditors International of Washington makes up 1.2% of Hendley & Co. Inc.’s holdings, making the stock its 27th biggest position. Hendley & Co. Inc.’s holdings in Expeditors International of Washington were worth $3,387,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. Oakworth Capital Inc. increased its position in shares of Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after purchasing an additional 224 shares during the period. eCIO Inc. bought a new position in shares of Expeditors International of Washington in the fourth quarter worth $37,000. Community Bank N.A. bought a new position in shares of Expeditors International of Washington in the third quarter worth $34,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in shares of Expeditors International of Washington by 63.6% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock worth $44,000 after purchasing an additional 140 shares during the period. Institutional investors own 94.02% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Susquehanna raised their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group raised their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Truist Financial decreased their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $137.30.
Expeditors International of Washington Trading Up 1.3%
Shares of EXPD stock opened at $155.53 on Friday. The business’s 50-day moving average price is $146.74 and its 200-day moving average price is $148.26. Expeditors International of Washington, Inc. has a 12 month low of $109.90 and a 12 month high of $167.19. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 5.00 and a beta of 1.04.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the business earned $1.47 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.
Expeditors International of Washington Announces Dividend
The company also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a dividend yield of 106.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.
Expeditors International of Washington 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.
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