Expeditors International of Washington, Inc. $EXPD Shares Bought by National Pension Service

National Pension Service grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 68.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,537 shares of the transportation company’s stock after purchasing an additional 27,551 shares during the quarter. National Pension Service owned 0.05% of Expeditors International of Washington worth $10,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Signaturefd LLC lifted its stake in shares of Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after purchasing an additional 71 shares in the last quarter. RIA Advisory Group LLC lifted its stake in shares of Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after purchasing an additional 78 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares during the last quarter. Finally, Hardy Reed LLC increased its position in shares of Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.3%

Shares of EXPD opened at $158.44 on Monday. The firm 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. The stock has a 50 day moving average of $149.77 and a 200-day moving average of $150.57. Expeditors International of Washington, Inc. has a 52 week low of $109.90 and a 52 week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 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 revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.81 per share. This represents a dividend yield of 102.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EXPD shares. Truist Financial dropped their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. 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 research report on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research 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 research report on Friday, May 8th. Finally, Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $137.30.

About Expeditors International of Washington

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.