25,696 Shares in Expeditors International of Washington, Inc. $EXPD Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the first quarter, HoldingsChannel reports. The institutional investor purchased 25,696 shares of the transportation company’s stock, valued at approximately $3,680,000.

A number of other institutional investors also recently added to or reduced their stakes in EXPD. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at approximately $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the 4th quarter valued at $32,000. Finally, Community Bank N.A. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $34,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $161.29 on Monday. The business’s fifty day moving average price is $155.24 and its two-hundred day moving average price is $152.65. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $1.47 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, 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 company also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

Analysts Set New Price Targets

Several research firms have issued reports on EXPD. Susquehanna increased 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. Wolfe Research upgraded 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 upped their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $137.30.

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.