BI Asset Management Fondsmaeglerselskab A S Raises Holdings in Expeditors International of Washington, Inc. $EXPD

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 64.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,285 shares of the transportation company’s stock after purchasing an additional 4,018 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Expeditors International of Washington were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after buying an additional 623 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after purchasing an additional 999 shares in the last quarter. Woodline Partners LP lifted its holdings in Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares in the last quarter. Focus Partners Wealth lifted its holdings in Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Expeditors International of Washington by 29.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

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

Expeditors International of Washington Stock Up 1.5%

NASDAQ:EXPD opened at $165.83 on Wednesday. The business’s 50-day moving average price is $152.24 and its two-hundred day moving average price is $151.61. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $167.19. The stock has a market cap of $21.69 billion, a P/E ratio of 28.99, a PEG ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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 period in the previous year, the company posted $1.47 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.81 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

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.