HighTower Advisors LLC Has $6.73 Million Holdings in Expeditors International of Washington, Inc. $EXPD

HighTower Advisors LLC cut its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,135 shares of the transportation company’s stock after selling 9,595 shares during the period. HighTower Advisors LLC’s holdings in Expeditors International of Washington were worth $6,726,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $28,000. Geneos Wealth Management Inc. increased its holdings in shares of 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 buying an additional 131 shares in the last quarter. Oakworth Capital Inc. increased its holdings in shares of 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 buying an additional 224 shares in the last quarter. eCIO Inc. acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $37,000. Finally, Community Bank N.A. acquired a new position in shares of Expeditors International of Washington during the third quarter worth $34,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.6%

Shares of EXPD opened at $161.67 on Thursday. The stock has a market capitalization of $21.15 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The firm’s fifty day simple moving average is $149.17 and its two-hundred day simple moving average is $150.29. Expeditors International of Washington, Inc. has a 12 month low of $109.90 and a 12 month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating 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%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 EPS. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EXPD shares. UBS Group upped their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. 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 shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, Susquehanna boosted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $137.30.

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.