OP Asset Management Ltd purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 13,659 shares of the transportation company’s stock, valued at approximately $1,956,000.
A number of other large investors also recently bought and sold shares of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Expeditors International of Washington by 75.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after purchasing an additional 999 shares in the last quarter. Woodline Partners LP grew its stake in shares of Expeditors International of Washington by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after buying an additional 3,420 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Expeditors International of Washington by 33.9% in the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after buying an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Expeditors International of Washington by 29.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after buying an additional 255 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.
Expeditors International of Washington Stock Down 0.0%
Shares of NASDAQ EXPD opened at $160.66 on Monday. The firm has a market cap of $21.01 billion, a P/E ratio of 28.09, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52. The company has a 50 day moving average of $156.97 and a 200 day moving average of $153.08.
Expeditors International of Washington Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on EXPD. 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 target price 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. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna lifted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Barclays upped their price target on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $138.80.
Check Out Our Latest Stock Analysis on Expeditors International of Washington
About Expeditors International of Washington
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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