Balyasny Asset Management L.P. Increases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Balyasny Asset Management L.P. increased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 18.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,090,892 shares of the transportation company’s stock after acquiring an additional 167,537 shares during the period. Balyasny Asset Management L.P.’s holdings in Expeditors International of Washington were worth $162,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new position in Expeditors International of Washington during the third quarter valued at $1,041,000. Exchange Traded Concepts LLC lifted its position in Expeditors International of Washington by 40.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock valued at $10,807,000 after buying an additional 20,755 shares during the period. Clifford Swan Investment Counsel LLC lifted its position in Expeditors International of Washington by 12.7% during the third quarter. Clifford Swan Investment Counsel LLC now owns 80,232 shares of the transportation company’s stock valued at $9,836,000 after buying an additional 9,019 shares during the period. Camrose Capital Investment Partners LLP lifted its position in Expeditors International of Washington by 6.4% during the third quarter. Camrose Capital Investment Partners LLP now owns 348,433 shares of the transportation company’s stock valued at $42,714,000 after buying an additional 21,100 shares during the period. Finally, Brendel Financial Advisors LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at $4,213,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EXPD. Susquehanna raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. UBS Group raised their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Truist Financial reduced their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $137.30.

Check Out Our Latest Report on EXPD

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $160.67 on Thursday. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52. The business has a fifty day moving average price of $154.62 and a 200-day moving average price of $152.44. The company has a market capitalization of $21.01 billion, a PE ratio of 28.09, a PEG ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $1.47 earnings per share. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

Expeditors International of Washington Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report).

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

Receive News & Ratings for Expeditors International of Washington Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington and related companies with MarketBeat.com's FREE daily email newsletter.