Azzad Asset Management Inc. ADV Grows Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Azzad Asset Management Inc. ADV grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,862 shares of the transportation company’s stock after acquiring an additional 105 shares during the quarter. Expeditors International of Washington comprises 0.7% of Azzad Asset Management Inc. ADV’s holdings, making the stock its 24th largest position. Azzad Asset Management Inc. ADV’s holdings in Expeditors International of Washington were worth $5,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EXPD. First Trust Advisors LP lifted its position in shares of Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock valued at $201,531,000 after acquiring an additional 1,351,630 shares in the last quarter. Norges Bank purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $74,763,000. TD Asset Management Inc lifted its position in shares of Expeditors International of Washington by 51.9% in the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock valued at $110,303,000 after acquiring an additional 296,186 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Expeditors International of Washington by 8,732.2% in the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after acquiring an additional 222,846 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of Expeditors International of Washington in the first quarter valued at approximately $23,178,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Activity

In other news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The stock was 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 $6,170,637.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on 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 $6,170,637.55. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Expeditors International of Washington Trading Up 1.8 %

EXPD stock traded up $2.22 during midday trading on Wednesday, hitting $123.44. 190,667 shares of the company’s stock were exchanged, compared to its average volume of 1,290,870. The business has a 50-day simple moving average of $120.09 and a two-hundred day simple moving average of $121.85. The stock has a market capitalization of $17.44 billion, a PE ratio of 25.70, a P/E/G ratio of 5.81 and a beta of 0.98. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. As a group, research analysts expect that Expeditors International of Washington, Inc. will post 4.89 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost 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 payout ratio is presently 30.93%.

Analyst Ratings Changes

Several research firms recently commented on EXPD. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. TD Cowen increased their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Finally, Bank of America increased their price target on Expeditors International of Washington from $126.00 to $131.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $113.44.

About Expeditors International of Washington

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.