Expeditors International of Washington, Inc. $EXPD Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 71.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,619 shares of the transportation company’s stock after buying an additional 7,334 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Expeditors International of Washington were worth $2,524,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. lifted its stake in Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 1.2%

NASDAQ:EXPD opened at $161.26 on Wednesday. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52. The stock’s fifty day moving average is $155.98 and its two-hundred day moving average is $152.86. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 28.19, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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 period in the prior year, the firm posted $1.47 EPS. Expeditors International of Washington’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EXPD. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. UBS Group increased their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Susquehanna boosted 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. Finally, Truist Financial dropped their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. One investment 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 given a Sell rating to the stock. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average 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.