Swiss Life Asset Management Ltd Cuts Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Swiss Life Asset Management Ltd trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,752 shares of the transportation company’s stock after selling 29,391 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Expeditors International of Washington were worth $9,649,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $34,000. Geneos Wealth Management Inc. grew its stake in Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 131 shares during the period. Oakworth Capital Inc. grew its stake in Expeditors International of Washington by 1,723.1% in the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 224 shares during the period. eCIO Inc. acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $37,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Expeditors International of Washington by 63.6% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.7%

Shares of EXPD opened at $154.50 on Wednesday. Expeditors International of Washington, Inc. has a 52-week low of $109.90 and a 52-week high of $167.19. The firm’s fifty day moving average is $146.25 and its two-hundred day moving average is $147.70. The stock has a market cap of $20.21 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last announced its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping 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%. During the same quarter in the previous year, the firm posted $1.47 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.

Analyst Ratings Changes

A number of research firms recently issued reports on EXPD. 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. JPMorgan Chase & Co. lifted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Barclays lifted their price target on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, January 15th. Truist Financial dropped their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Finally, UBS Group lifted their price target 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 research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $137.30.

View Our Latest Report on Expeditors International of Washington

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

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

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