State of Wyoming Has $583,000 Stock Holdings in Expeditors International of Washington, Inc. $EXPD

State of Wyoming boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 983.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,912 shares of the transportation company’s stock after buying an additional 3,551 shares during the period. State of Wyoming’s holdings in Expeditors International of Washington were worth $583,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its holdings in Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after buying an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Expeditors International of Washington by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after buying an additional 32,063 shares during the last quarter. Marshfield Associates raised its holdings in Expeditors International of Washington by 4.6% during the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock worth $238,161,000 after buying an additional 86,182 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Expeditors International of Washington by 733.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after purchasing an additional 1,661,457 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Truist Financial lowered their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. UBS Group increased their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Susquehanna increased their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. One research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $160.41 on Friday. The firm has a 50-day moving average of $151.33 and a 200-day moving average of $151.20. The company has a market cap of $20.98 billion, a P/E ratio of 28.04, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a one year low of $110.48 and a one year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating 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%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. As a group, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.81 per share. The ex-dividend date is 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 Company 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.