Thoroughbred Financial Services LLC Purchases 637 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Thoroughbred Financial Services LLC lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,457 shares of the transportation company’s stock after acquiring an additional 637 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Expeditors International of Washington were worth $439,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $35,000. BKM Wealth Management LLC bought a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $37,000. Planned Solutions Inc. bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $37,000. Fortitude Family Office LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $38,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total value of $245,260.00. Following the completion of the transaction, the vice president now owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $117.71 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The stock has a market capitalization of $16.63 billion, a PE ratio of 25.09, a PEG ratio of 6.49 and a beta of 1.00. The business has a fifty day moving average price of $117.20 and a two-hundred day moving average price of $120.88.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was down 14.9% on a year-over-year basis. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 4.82 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is 29.24%.

Analyst Upgrades and Downgrades

EXPD has been the subject of several recent research reports. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price for the company in a report on Tuesday, May 14th. Bank of America started coverage on Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. TD Cowen raised their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Finally, Susquehanna boosted their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.63.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.