Headlands Technologies LLC Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Headlands Technologies LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,400 shares of the transportation company’s stock after selling 438 shares during the period. Headlands Technologies LLC’s holdings in Expeditors International of Washington were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP raised its position in shares of Expeditors International of Washington by 580.8% in the 4th quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after purchasing an additional 1,351,630 shares during the last quarter. Norges Bank bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $74,763,000. TD Asset Management Inc lifted its stake in Expeditors International of Washington by 51.9% in the 4th quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after purchasing an additional 296,186 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Expeditors International of Washington by 8,732.2% during the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock valued at $28,671,000 after buying an additional 222,846 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of Expeditors International of Washington in the first quarter valued at $23,178,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several research reports. Stifel Nicolaus lifted their price objective on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. TD Cowen increased their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Finally, Susquehanna raised their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $113.44.

Expeditors International of Washington Price Performance

EXPD stock traded up $2.19 during trading on Tuesday, reaching $121.22. 1,192,763 shares of the company were exchanged, compared to its average volume of 1,294,465. The company has a 50-day moving average of $121.51 and a two-hundred day moving average of $121.47. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 5.50 and a beta of 0.98. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company’s revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. On average, analysts forecast that Expeditors International of Washington, Inc. will post 4.97 EPS for the current year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.73 dividend. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. The ex-dividend date was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is presently 30.93%.

Insider Activity

In other news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.