Sterling Capital Management LLC decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 19.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,163 shares of the transportation company’s stock after selling 3,484 shares during the period. Sterling Capital Management LLC’s holdings in Expeditors International of Washington were worth $2,029,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of EXPD. Ground Swell Capital LLC purchased a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $264,000. GHP Investment Advisors Inc. increased its position in shares of Expeditors International of Washington by 3.6% during the first quarter. GHP Investment Advisors Inc. now owns 102,038 shares of the transportation company’s stock valued at $14,615,000 after acquiring an additional 3,526 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of Expeditors International of Washington by 4.2% during the first quarter. Aaron Wealth Advisors LLC now owns 2,478 shares of the transportation company’s stock valued at $355,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Expeditors International of Washington during the first quarter worth $974,000. Finally, Contravisory Investment Management Inc. lifted its holdings in Expeditors International of Washington by 1.5% during the first quarter. Contravisory Investment Management Inc. now owns 7,394 shares of the transportation company’s stock worth $1,059,000 after acquiring an additional 112 shares during the period. Institutional investors own 94.02% of the company’s stock.
Analyst Ratings Changes
EXPD has been the subject of a number of recent analyst reports. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna lifted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. 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. Barclays increased their price target on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, UBS Group raised their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $138.80.
Expeditors International of Washington Price Performance
Shares of EXPD opened at $160.66 on Monday. The firm has a market cap of $21.01 billion, a PE ratio of 28.09, a PEG ratio of 5.00 and a beta of 1.05. The stock’s fifty day moving average price is $156.97 and its two-hundred day moving average price is $153.08. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $168.52.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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 quarter 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. 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 Announces Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is 26.21%.
Expeditors International of Washington Company 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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