Expeditors International of Washington, Inc. $EXPD Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 705,915 shares of the transportation company’s stock after selling 120,550 shares during the period. Bank of New York Mellon Corp’s holdings in Expeditors International of Washington were worth $105,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC grew its holdings in shares of Expeditors International of Washington by 3.1% during the fourth quarter. Natixis Advisors LLC now owns 631,304 shares of the transportation company’s stock worth $94,071,000 after purchasing an additional 18,728 shares during the last quarter. AXQ Capital LP acquired a new position in Expeditors International of Washington during the fourth quarter worth approximately $271,000. a16z Perennial Management L.P. acquired a new position in Expeditors International of Washington during the fourth quarter worth approximately $217,000. New Mexico Educational Retirement Board lifted its stake in Expeditors International of Washington by 1.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 6,250 shares of the transportation company’s stock valued at $931,000 after buying an additional 100 shares during the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.0%

Shares of NASDAQ:EXPD opened at $160.41 on Monday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $167.19. The firm’s 50-day simple moving average is $151.33 and its 200-day simple moving average is $151.26. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (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%.Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 business also recently disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.81 dividend. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial reduced their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price 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. UBS Group raised their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.