SG Americas Securities LLC Purchases 190,832 Shares of Expeditors International of Washington, Inc. $EXPD

SG Americas Securities LLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 837.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,627 shares of the transportation company’s stock after acquiring an additional 190,832 shares during the quarter. SG Americas Securities LLC owned 0.16% of Expeditors International of Washington worth $30,598,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $28,000. DV Equities LLC bought a new position in Expeditors International of Washington during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth approximately $30,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $32,000. Finally, Community Bank N.A. bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EXPD shares. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted 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 upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Truist Financial dropped 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. 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 issued a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Trading Down 1.2%

Shares of EXPD stock opened at $161.26 on Wednesday. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 5.00 and a beta of 1.05. The business’s 50-day moving average price is $155.98 and its 200-day moving average price is $152.86. Expeditors International of Washington, Inc. has a 12 month low of $110.48 and a 12 month high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) 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%. During the same period last year, the firm posted $1.47 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict 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 firm also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is currently 26.21%.

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.