Expeditors International of Washington, Inc. $EXPD Shares Sold by Boston Partners

Boston Partners trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,470,699 shares of the transportation company’s stock after selling 92,575 shares during the quarter. Boston Partners’ holdings in Expeditors International of Washington were worth $517,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $28,000. Community Bank N.A. acquired a new position in Expeditors International of Washington during the 3rd quarter valued at about $34,000. Geneos Wealth Management Inc. increased its stake in Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares during the period. Oakworth Capital Inc. increased its stake in Expeditors International of Washington by 1,723.1% during the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after buying an additional 224 shares during the period. Finally, eCIO Inc. acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $37,000. 94.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on EXPD shares. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Truist Financial dropped their price objective on 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. 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. Susquehanna boosted their price objective on 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, UBS Group boosted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock 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 assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $137.30.

Read Our Latest Analysis on EXPD

Expeditors International of Washington Stock Up 0.1%

EXPD opened at $166.69 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $110.48 and a 12 month high of $168.52. The company has a fifty day simple moving average of $153.60 and a 200 day simple moving average of $152.06. The stock has a market cap of $21.80 billion, a P/E ratio of 29.14, a P/E/G ratio of 5.00 and a beta of 1.05.

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 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%.Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 earnings per share. On average, equities research 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 business also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.81 dividend. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 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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