Expeditors International of Washington, Inc. $EXPD Shares Bought by Swedbank AB

Swedbank AB boosted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 153.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,678 shares of the transportation company’s stock after acquiring an additional 17,969 shares during the quarter. Swedbank AB’s holdings in Expeditors International of Washington were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Expeditors International of Washington by 733.9% in the 3rd 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 buying an additional 1,661,457 shares during the period. Balyasny Asset Management L.P. acquired a new position in Expeditors International of Washington during the third quarter worth $113,194,000. Wellington Management Group LLP raised its holdings 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 worth $235,486,000 after acquiring an additional 749,993 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth $65,957,000. Finally, Caisse de depot et placement du Quebec raised its holdings in shares of Expeditors International of Washington by 59.4% in the third quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock worth $131,291,000 after acquiring an additional 399,250 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EXPD. Truist Financial lowered their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Susquehanna boosted their price target on 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. UBS Group boosted their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective on 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. Finally, Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $137.30.

Read Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Stock Up 1.7%

Shares of NASDAQ EXPD opened at $161.20 on Wednesday. The stock’s 50 day moving average price is $148.79 and its two-hundred day moving average price is $150.10. Expeditors International of Washington, Inc. has a 52-week low of $109.90 and a 52-week high of $167.19. The stock has a market capitalization of $21.08 billion, a P/E ratio of 28.18, a PEG ratio of 5.00 and a beta of 1.04.

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

Expeditors International of Washington Dividend Announcement

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

About Expeditors International of Washington

(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.

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

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