Midway Capital Research & Management purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 16,321 shares of the transportation company’s stock, valued at approximately $2,432,000. Expeditors International of Washington comprises approximately 2.4% of Midway Capital Research & Management’s holdings, making the stock its 16th largest holding.
A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position 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 worth $945,004,000 after buying an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Expeditors International of Washington by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after buying an additional 32,063 shares in the last quarter. Marshfield Associates raised its holdings in shares of Expeditors International of Washington by 4.6% during the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock worth $238,161,000 after buying an additional 86,182 shares in the last quarter. Wellington Management Group LLP lifted its stake in Expeditors International of Washington by 64.1% in the 3rd 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 during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports 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. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. increased 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 report on Wednesday, May 6th. Susquehanna lifted 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, UBS Group upped their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. 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 issued a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $137.30.
Expeditors International of Washington Trading Down 0.0%
Shares of Expeditors International of Washington stock opened at $161.29 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 market cap of $21.09 billion, a P/E ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05. The company’s fifty day simple moving average is $155.24 and its two-hundred day simple moving average is $152.60.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating 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 company’s revenue for the quarter was up 4.4% on a year-over-year basis. 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 EPS for the current fiscal year.
Expeditors International of Washington Dividend Announcement
The company also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid 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 (DPR) is currently 26.21%.
Expeditors International of Washington Profile
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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