Lombard Odier Asset Management Switzerland SA purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 7,897 shares of the transportation company’s stock, valued at approximately $1,131,000.
Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after purchasing an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Expeditors International of Washington by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after acquiring an additional 32,063 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Expeditors International of Washington by 64.1% in the third 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 valued at $231,432,000 after purchasing an additional 1,661,457 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Expeditors International of Washington by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company’s stock valued at $218,068,000 after purchasing an additional 37,795 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.
Analyst Upgrades and Downgrades
EXPD has been the topic of a number of recent research reports. Citizens Jmp initiated coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Bank of America boosted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna increased 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 note on Wednesday, May 6th. Finally, Truist Financial boosted their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $153.78.
Expeditors International of Washington Price Performance
Shares of NASDAQ EXPD opened at $171.09 on Tuesday. The stock has a market capitalization of $22.38 billion, a P/E ratio of 29.91, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a one year low of $110.48 and a one year high of $183.52. The firm’s 50 day simple moving average is $165.76 and its two-hundred day simple moving average is $156.15.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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%. During the same period last year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts expect 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 declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.
About Expeditors International of Washington
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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