Everett Harris & Co. CA Sells 4,219 Shares of Expeditors International of Washington, Inc. $EXPD

Everett Harris & Co. CA decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,528 shares of the transportation company’s stock after selling 4,219 shares during the quarter. Everett Harris & Co. CA owned approximately 0.15% of Expeditors International of Washington worth $30,328,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 acquiring an additional 1,661,457 shares during the period. Norges Bank purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $180,719,000. Balyasny Asset Management L.P. purchased a new stake in Expeditors International of Washington in the third quarter worth about $113,194,000. Wellington Management Group LLP increased its position in 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 worth $235,486,000 after buying an additional 749,993 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Expeditors International of Washington in the fourth quarter worth about $65,957,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $163.20 on Tuesday. The firm has a market capitalization of $21.35 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $167.19. The business has a 50 day simple moving average of $151.75 and a 200-day simple moving average of $151.42.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXPD shares. Truist Financial reduced their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Susquehanna raised their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $137.30.

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.