Expeditors International of Washington, Inc. $EXPD Stock Position Decreased by Sienna Gestion

Sienna Gestion trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,459 shares of the transportation company’s stock after selling 4,355 shares during the quarter. Sienna Gestion’s holdings in Expeditors International of Washington were worth $9,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter worth about $32,000. Community Bank N.A. purchased a new stake in Expeditors International of Washington during the third quarter valued at about $34,000. Geneos Wealth Management Inc. lifted its stake in Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its holdings in shares of Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after buying an additional 224 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $163.32 on Tuesday. The company has a 50 day simple moving average of $153.95 and a 200-day simple moving average of $152.22. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52-week low of $110.48 and a 52-week high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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%. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Wall Street Analyst Weigh In

EXPD has been the topic of several analyst reports. UBS Group lifted their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Truist Financial lowered their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Finally, Wolfe Research raised shares of 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 assigned a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington currently has an average 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.