Life Cycle Investment Partners Ltd bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 215,930 shares of the transportation company’s stock, valued at approximately $32,176,000. Life Cycle Investment Partners Ltd owned approximately 0.16% of Expeditors International of Washington as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after buying an additional 71 shares in the last quarter. RIA Advisory Group LLC grew its position in Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after buying an additional 78 shares in the last quarter. HighPoint Advisor Group LLC grew its position in Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after buying an additional 84 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after buying an additional 95 shares in the last quarter. Finally, Hardy Reed LLC grew its position in Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.
Expeditors International of Washington Trading Up 0.8%
NASDAQ EXPD opened at $158.52 on Friday. The stock’s 50 day moving average is $148.09 and its two-hundred day moving average is $149.59. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1-year low of $109.90 and a 1-year high of $167.19.
Expeditors International of Washington Dividend Announcement
The company also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.81 dividend. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 106.0%. Expeditors International of Washington’s payout ratio is 26.21%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Susquehanna lifted their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Truist Financial decreased their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, UBS Group lifted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $137.30.
View Our Latest Stock Report 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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