Aware Super Pty Ltd as trustee of Aware Super bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm bought 179,573 shares of the transportation company’s stock, valued at approximately $25,720,000.
A number of other large investors have also modified their holdings of the stock. D.A. Davidson & CO. raised its stake in shares of Expeditors International of Washington by 5.5% during the first quarter. D.A. Davidson & CO. now owns 45,281 shares of the transportation company’s stock valued at $6,486,000 after purchasing an additional 2,366 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Expeditors International of Washington by 14.6% in the first quarter. Checchi Capital Advisers LLC now owns 1,765 shares of the transportation company’s stock valued at $253,000 after purchasing an additional 225 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Expeditors International of Washington by 18.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,207 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 344 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Expeditors International of Washington by 23.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,219 shares of the transportation company’s stock valued at $478,000 after purchasing an additional 603 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension purchased a new stake in Expeditors International of Washington during the 1st quarter worth $10,052,000. Institutional investors and hedge funds own 94.02% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Susquehanna upped their price objective on shares of 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. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Truist Financial boosted their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Citizens Jmp started coverage on Expeditors International of Washington in a report on Wednesday. They issued a “market perform” rating for the company. Finally, Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $148.56.
Expeditors International of Washington Price Performance
NASDAQ EXPD opened at $181.75 on Friday. The company has a market capitalization of $23.77 billion, a price-to-earnings ratio of 31.77, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $110.48 and a 12 month high of $182.59. The company’s fifty day moving average price is $162.75 and its two-hundred day moving average price is $154.91.
Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. As a group, analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current 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. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is presently 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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