BNP Paribas Financial Markets Buys 42,258 Shares of Expeditors International of Washington, Inc. $EXPD

BNP Paribas Financial Markets raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,943 shares of the transportation company’s stock after buying an additional 42,258 shares during the period. BNP Paribas Financial Markets owned 0.21% of Expeditors International of Washington worth $40,969,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Expeditors International of Washington by 2.1% in 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 during the period. RIA Advisory Group LLC increased its stake in shares of Expeditors International of Washington by 2.7% in 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 during the period. HighPoint Advisor Group LLC increased its stake in shares of Expeditors International of Washington by 4.2% in 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 during the period. Frank Rimerman Advisors LLC increased its stake in shares of Expeditors International of Washington by 1.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after purchasing an additional 95 shares during the period. Finally, Hardy Reed LLC increased its stake in shares of Expeditors International of Washington by 2.8% in the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after purchasing an additional 95 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 0.7%

Shares of EXPD opened at $159.04 on Thursday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $167.19. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 5.00 and a beta of 1.05. The stock’s 50-day moving average price is $150.63 and its 200 day moving average price is $150.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results 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 return on equity of 36.16% and a net margin of 7.64%.During the same quarter last year, the business earned $1.47 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on 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. UBS Group lifted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Truist Financial dropped their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Susquehanna lifted their price objective on 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 assigned a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.