Legal & General Group Plc Lowers Holdings in Expeditors International of Washington, Inc. $EXPD

Legal & General Group Plc decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 26.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 842,641 shares of the transportation company’s stock after selling 297,797 shares during the quarter. Legal & General Group Plc owned approximately 0.63% of Expeditors International of Washington worth $125,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its holdings in Expeditors International of Washington by 82.6% in the 4th quarter. Hantz Financial Services Inc. now owns 400 shares of the transportation company’s stock valued at $60,000 after buying an additional 181 shares during the period. Swedbank AB grew its position in Expeditors International of Washington by 153.5% during the fourth quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock valued at $4,422,000 after acquiring an additional 17,969 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $1,699,000. Life Cycle Investment Partners Ltd purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $32,176,000. Finally, EverSource Wealth Advisors LLC grew its position in Expeditors International of Washington by 17.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,222 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EXPD. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Truist Financial decreased their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. UBS Group boosted their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.30.

Read Our Latest Stock Report on EXPD

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $158.91 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $109.90 and a 1 year high of $167.19. The stock has a market capitalization of $20.78 billion, a P/E ratio of 27.78, a PEG ratio of 5.00 and a beta of 1.04. The stock has a 50-day simple moving average of $149.49 and a 200-day simple moving average of $150.44.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings results 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 return on equity of 36.16% and a net margin of 7.64%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 earnings per share. Analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington 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.

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

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