Renaissance Technologies LLC Has $31.18 Million Stock Position in Expeditors International of Washington, Inc. $EXPD

Renaissance Technologies LLC lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 57.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,716 shares of the transportation company’s stock after acquiring an additional 79,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Expeditors International of Washington were worth $31,183,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EXPD. State Street Corp raised its holdings in Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after purchasing an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Expeditors International of Washington by 0.5% during the 4th 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 period. Wellington Management Group LLP raised its stake in shares of Expeditors International of Washington by 64.1% during 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Expeditors International of Washington by 733.9% during 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 worth $231,432,000 after buying an additional 1,661,457 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Expeditors International of Washington by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company’s stock valued at $218,068,000 after buying an additional 37,795 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.2%

Shares of EXPD stock opened at $171.62 on Wednesday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $183.52. The firm has a fifty day moving average of $166.05 and a 200-day moving average of $156.25. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. Research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Truist Financial upped their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Citizens Jmp began coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Susquehanna raised their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $153.78.

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.