Expeditors International of Washington, Inc. $EXPD Stock: Vise Technologies Inc. Increases Holdings

Vise Technologies Inc. grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 72.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,303 shares of the transportation company’s stock after acquiring an additional 3,922 shares during the period. Vise Technologies Inc.’s holdings in Expeditors International of Washington were worth $1,718,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EXPD. BlackRock Inc. bought a new position in Expeditors International of Washington in the second quarter valued at about $2,193,093,000. State Street Corp grew its holdings in Expeditors International of Washington by 1.5% during the 2nd quarter. State Street Corp now owns 7,335,241 shares of the transportation company’s stock worth $1,195,498,000 after acquiring an additional 109,798 shares during the last quarter. Bank of America Corp DE increased its position in Expeditors International of Washington by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 2,585,934 shares of the transportation company’s stock valued at $421,456,000 after acquiring an additional 21,400 shares during the period. Baird Financial Group Inc. increased its position in Expeditors International of Washington by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 2,239,665 shares of the transportation company’s stock valued at $365,021,000 after acquiring an additional 57,823 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Expeditors International of Washington by 10.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,155,313 shares of the transportation company’s stock valued at $351,273,000 after acquiring an additional 195,351 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $4.46 during trading hours on Friday, hitting $184.41. 1,689,643 shares of the stock were exchanged, compared to its average volume of 1,278,210. Expeditors International of Washington, Inc. has a fifty-two week low of $129.59 and a fifty-two week high of $207.93. The business has a 50-day moving average of $192.30 and a 200-day moving average of $167.88. The firm has a market capitalization of $23.97 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.43. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period last year, the business earned $1.64 EPS. As a group, analysts forecast 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 firm also recently disclosed a dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.81 dividend. This represents a dividend yield of 79.0%. The ex-dividend date of this dividend is Tuesday, December 1st. Expeditors International of Washington’s payout ratio is currently 20.56%.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Expeditors International of Washington from $165.00 to $175.00 and gave the stock an “underweight” rating in a report on Wednesday. UBS Group raised their target price on Expeditors International of Washington from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $214.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Robert W. Baird increased their price target on Expeditors International of Washington from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $181.27.

About Expeditors International of Washington