Aigen Investment Management LP Makes New $1.48 Million Investment in Expeditors International of Washington, Inc. $EXPD

Aigen Investment Management LP purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,922 shares of the transportation company’s stock, valued at approximately $1,478,000.

A number of other large investors also recently bought and sold shares of the stock. FORA Capital LLC purchased a new position in Expeditors International of Washington during the fourth quarter worth approximately $2,673,000. Kestra Advisory Services LLC raised its stake in Expeditors International of Washington by 8.4% during the fourth quarter. Kestra Advisory Services LLC now owns 3,802 shares of the transportation company’s stock worth $567,000 after purchasing an additional 294 shares during the period. Burton Enright Welch purchased a new position in Expeditors International of Washington during the fourth quarter worth approximately $642,000. Transamerica Financial Advisors LLC raised its stake in shares of Expeditors International of Washington by 788.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 444 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 394 shares during the period. Finally, Inspire Advisors LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at $794,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXPD. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group raised their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Susquehanna raised their target price 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. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised 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 research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Trading Up 0.1%

EXPD opened at $166.69 on Friday. The company has a fifty day simple moving average of $153.60 and a 200 day simple moving average of $152.06. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52.

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 analysts’ consensus estimates 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 business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 earnings per share. On average, analysts forecast 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 company also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend is Monday, June 1st. 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.