Expeditors International of Washington, Inc. $EXPD Holdings Raised by Tredje AP fonden

Tredje AP fonden increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 281.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,579 shares of the transportation company’s stock after acquiring an additional 9,281 shares during the period. Tredje AP fonden’s holdings in Expeditors International of Washington were worth $1,874,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EXPD. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth about $28,000. Community Bank N.A. acquired a new position in Expeditors International of Washington during the third quarter worth about $34,000. Geneos Wealth Management Inc. grew its holdings 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 worth $34,000 after acquiring an additional 131 shares during the period. Oakworth Capital Inc. grew its holdings in Expeditors International of Washington by 1,723.1% during the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after acquiring an additional 224 shares during the period. Finally, eCIO Inc. acquired a new position in Expeditors International of Washington during the fourth quarter worth about $37,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXPD. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. UBS Group lifted their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Finally, Susquehanna lifted 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Trading Up 0.6%

NASDAQ EXPD opened at $158.47 on Thursday. The stock’s 50-day moving average price is $147.42 and its two-hundred day moving average price is $149.28. The company has a market cap of $20.73 billion, a PE ratio of 27.70, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1 year low of $109.90 and a 1 year high of $167.19.

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

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

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.