Fideuram Asset Management Ireland dac Purchases New Shares in Expeditors International of Washington, Inc. $EXPD

Fideuram Asset Management Ireland dac purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,441 shares of the transportation company’s stock, valued at approximately $2,152,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at $28,000. Geneos Wealth Management Inc. grew its position 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 valued at $34,000 after buying an additional 131 shares during the period. Oakworth Capital Inc. grew its position 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 valued at $35,000 after buying an additional 224 shares during the period. eCIO Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter valued at $37,000. Finally, Community Bank N.A. acquired a new stake in Expeditors International of Washington during the third quarter valued at $34,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.3%

EXPD opened at $158.44 on Friday. The company has a market cap of $20.72 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52-week low of $109.90 and a 52-week high of $167.19. The firm’s fifty day simple moving average is $149.77 and its two-hundred day simple moving average is $150.50.

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, beating the consensus estimate 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 company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 EPS. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Susquehanna raised their price target on shares of 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. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Truist Financial decreased their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average price target of $137.30.

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.