OP Asset Management Ltd Takes Position in Expeditors International of Washington, Inc. $EXPD

OP Asset Management Ltd acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,659 shares of the transportation company’s stock, valued at approximately $1,956,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new position in shares of Expeditors International of Washington in the third quarter worth approximately $1,041,000. Exchange Traded Concepts LLC raised its holdings in Expeditors International of Washington by 40.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock valued at $10,807,000 after buying an additional 20,755 shares during the last quarter. Brendel Financial Advisors LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at $4,213,000. Natixis Advisors LLC boosted its position in Expeditors International of Washington by 3.8% during the 3rd quarter. Natixis Advisors LLC now owns 612,576 shares of the transportation company’s stock valued at $75,096,000 after buying an additional 22,356 shares during the period. Finally, Arjuna Capital grew its holdings in Expeditors International of Washington by 37.0% in the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after acquiring an additional 6,471 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.0%

Shares of EXPD opened at $160.66 on Monday. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52. The firm’s 50-day moving average price is $156.97 and its 200-day moving average price is $153.08. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 5.00 and a beta of 1.05.

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 (EPS) for the quarter, topping 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 in the prior year, the company earned $1.47 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given 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 dividend payout ratio is currently 26.21%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EXPD shares. Barclays increased their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. increased 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. Finally, UBS Group boosted their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $138.80.

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.