Pictet Asset Management Holding SA Sells 31,968 Shares of Expeditors International of Washington, Inc. $EXPD

Pictet Asset Management Holding SA trimmed its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 15.5% in the first quarter, HoldingsChannel.com reports. The firm owned 174,339 shares of the transportation company’s stock after selling 31,968 shares during the period. Pictet Asset Management Holding SA’s holdings in Expeditors International of Washington were worth $24,969,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth approximately $32,000. Finally, Community Bank N.A. acquired a new position in shares of Expeditors International of Washington in the third quarter worth approximately $34,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Up 2.4%

EXPD opened at $166.92 on Thursday. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52. The company has a market cap of $21.83 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The company has a fifty day moving average price of $157.94 and a two-hundred day moving average price of $153.37.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, 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 company also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.

Analysts Set New Price Targets

EXPD has been the subject of several recent analyst reports. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. UBS Group boosted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Susquehanna upped their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Barclays raised their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average price target of $140.44.

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.