Y Intercept Hong Kong Ltd bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 48,124 shares of the transportation company’s stock, valued at approximately $6,893,000.
A number of other large investors have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Expeditors International of Washington by 733.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after acquiring an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at $201,164,000. Norges Bank purchased a new stake in Expeditors International of Washington during the 4th quarter worth about $180,719,000. Balyasny Asset Management L.P. purchased a new stake in Expeditors International of Washington during the 3rd quarter worth about $113,194,000. Finally, Wellington Management Group LLP raised its stake in Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on EXPD. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Susquehanna raised their target price on shares of 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. Finally, Barclays lifted their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $140.44.
Expeditors International of Washington Trading Down 0.1%
NASDAQ EXPD opened at $167.43 on Friday. The business’s 50-day moving average price is $158.65 and its 200 day moving average price is $153.57. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52. The company has a market capitalization of $21.90 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.
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 EPS for the quarter, beating 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 previous year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.
Expeditors International of Washington Announces Dividend
The business also recently announced 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 payout ratio 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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