Ascentis Independent Advisors acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 3,794 shares of the transportation company’s stock, valued at approximately $543,000.
A number of other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its stake in shares of Expeditors International of Washington by 5.7% during the first quarter. V Square Quantitative Management LLC now owns 4,810 shares of the transportation company’s stock worth $689,000 after purchasing an additional 258 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Expeditors International of Washington by 77.1% during the 1st quarter. QRG Capital Management Inc. now owns 22,536 shares of the transportation company’s stock worth $3,228,000 after acquiring an additional 9,810 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Expeditors International of Washington by 5.0% in the 1st quarter. HB Wealth Management LLC now owns 5,312 shares of the transportation company’s stock valued at $761,000 after acquiring an additional 252 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Expeditors International of Washington by 11.5% during the 1st quarter. Private Advisor Group LLC now owns 5,409 shares of the transportation company’s stock worth $775,000 after acquiring an additional 558 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Expeditors International of Washington during the 1st quarter worth about $6,893,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
EXPD has been the subject of a number of research analyst reports. Barclays upped their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Susquehanna boosted their price target on shares of 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. Finally, UBS Group upped their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $140.44.
Expeditors International of Washington Trading Down 0.8%
Shares of EXPD opened at $164.38 on Thursday. The company’s 50 day simple moving average is $159.65 and its 200-day simple moving average is $153.90. The firm has a market cap of $21.50 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released 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 net margin of 7.64% and a return on equity of 36.16%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 earnings per share. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.
Expeditors International of Washington Announces Dividend
The firm also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.81 per share. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is 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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