Plato Investment Management Ltd Has $1.17 Million Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Plato Investment Management Ltd raised its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4,847.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,648 shares of the transportation company’s stock after acquiring an additional 9,453 shares during the quarter. Plato Investment Management Ltd’s holdings in Expeditors International of Washington were worth $1,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPD. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the first quarter worth $25,000. Optiver Holding B.V. acquired a new stake in Expeditors International of Washington in the fourth quarter worth $27,000. ORG Partners LLC grew its holdings in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock worth $51,000 after purchasing an additional 376 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Expeditors International of Washington in the fourth quarter worth $55,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Expeditors International of Washington in the first quarter worth $78,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded up $1.57 during mid-day trading on Thursday, hitting $126.39. 1,161,098 shares of the company traded hands, compared to its average volume of 1,298,178. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.17. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 5.33 and a beta of 0.98. The stock has a fifty day moving average price of $123.07 and a 200-day moving average price of $121.26.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 7.81% and a return on equity of 28.89%. The firm’s revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 4.99 EPS for the current year.

Expeditors International of Washington Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.73 per share. 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%. The ex-dividend date was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXPD. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price target for the company from $95.00 to $137.00 in a research report on Thursday. Robert W. Baird raised their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Susquehanna raised their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Finally, TD Cowen raised their price target on shares of 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. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $115.90.

Insider Activity

In related news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington 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.