Healthcare of Ontario Pension Plan Trust Fund Purchases 3,122 Shares of Expeditors International of Washington, Inc. $EXPD

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 58.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,420 shares of the transportation company’s stock after purchasing an additional 3,122 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Expeditors International of Washington were worth $1,206,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Expeditors International of Washington by 57.9% during the 1st quarter. Renaissance Technologies LLC now owns 217,716 shares of the transportation company’s stock valued at $31,183,000 after purchasing an additional 79,800 shares during the last quarter. Compound Planning Inc. grew its position in shares of Expeditors International of Washington by 7.6% in the 1st quarter. Compound Planning Inc. now owns 2,508 shares of the transportation company’s stock worth $359,000 after buying an additional 177 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Expeditors International of Washington during the first quarter valued at approximately $2,158,000. Gibbs Wealth Management increased its stake in shares of Expeditors International of Washington by 295.6% during the first quarter. Gibbs Wealth Management now owns 7,030 shares of the transportation company’s stock valued at $1,007,000 after buying an additional 5,253 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Expeditors International of Washington by 16.7% during the first quarter. Sei Investments Co. now owns 82,669 shares of the transportation company’s stock valued at $11,841,000 after acquiring an additional 11,860 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXPD. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a report on Wednesday, July 15th. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Truist Financial lifted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 15th. Finally, UBS Group boosted their price target on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $153.78.

Expeditors International of Washington Stock Up 0.5%

EXPD opened at $167.78 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $183.52. The stock has a market cap of $21.94 billion, a PE ratio of 29.33, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50 day moving average of $166.66 and a 200-day moving average of $156.47.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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%.The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 EPS. Equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.81 dividend. 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 is currently 26.21%.

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.