Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the first quarter, HoldingsChannel reports. The fund acquired 44,800 shares of the transportation company’s stock, valued at approximately $6,417,000.

Several other large investors also recently added to or reduced their stakes in EXPD. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at about $28,000. DV Equities LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. purchased a new stake in shares of 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 during the third quarter worth about $34,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 0.1%

EXPD opened at $167.43 on Monday. Expeditors International of Washington, Inc. has a 52-week low of $110.48 and a 52-week high of $168.52. The company has a market cap of $21.90 billion, a P/E ratio of 29.27, a P/E/G ratio of 5.00 and a beta of 1.04. The company has a 50 day moving average of $158.65 and a two-hundred day moving average of $153.59.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS 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%.The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 EPS. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays upped their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective 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. UBS Group lifted their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Susquehanna raised 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.44.

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.