Corient Private Wealth LLC Purchases 20,413 Shares of Expeditors International of Washington, Inc. $EXPD

Corient Private Wealth LLC boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 61.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,455 shares of the transportation company’s stock after purchasing an additional 20,413 shares during the quarter. Corient Private Wealth LLC’s holdings in Expeditors International of Washington were worth $7,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at about $28,000. DV Equities LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $28,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $32,000. Community Bank N.A. bought a new position in Expeditors International of Washington in the 3rd quarter valued at about $34,000. Finally, Geneos Wealth Management Inc. lifted its position 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 valued at $34,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on EXPD shares. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. UBS Group upped their price target 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. Susquehanna increased their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Truist Financial cut their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $159.94 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The business has a 50-day moving average of $156.31 and a 200 day moving average of $152.92. The firm has a market cap of $20.92 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate 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%. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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