Leuthold Group LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,545 shares of the transportation company’s stock, valued at approximately $4,850,000.
Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after buying an additional 71 shares during the period. RIA Advisory Group LLC lifted its holdings in shares of Expeditors International of Washington by 2.7% in the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after buying an additional 78 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Expeditors International of Washington by 4.2% in the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after buying an additional 84 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 1.8% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after buying an additional 95 shares during the period. Finally, Atria Investments Inc grew its stake in shares of Expeditors International of Washington by 0.3% during the 3rd quarter. Atria Investments Inc now owns 33,622 shares of the transportation company’s stock worth $4,122,000 after purchasing an additional 100 shares during the period. 94.02% of the stock is owned by institutional investors.
Expeditors International of Washington Trading Up 1.3%
NASDAQ EXPD opened at $155.53 on Friday. The stock 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, Inc. has a twelve month low of $109.90 and a twelve month high of $167.19. The stock has a 50-day moving average of $146.74 and a 200 day moving average of $148.26.
Expeditors International of Washington Announces Dividend
The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.
Analyst Ratings Changes
Several research firms have recently weighed in on EXPD. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Truist Financial cut their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. UBS Group lifted their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $137.30.
Check Out Our Latest Analysis on Expeditors International of Washington
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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