Expeditors International of Washington, Inc. $EXPD Shares Sold by Burney Co.

Burney Co. reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 39.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 45,902 shares of the transportation company’s stock after selling 30,067 shares during the period. Burney Co.’s holdings in Expeditors International of Washington were worth $6,575,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after buying an additional 71 shares during the last quarter. RIA Advisory Group LLC grew its holdings in shares of Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after buying an additional 78 shares during the last quarter. Rossby Financial LCC increased its position in Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 80 shares during the period. Claro Advisors Inc. increased its position in Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 83 shares during the period. Finally, Frank Rimerman Advisors LLC raised its stake in Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after acquiring an additional 95 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on EXPD shares. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. 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 research note on Friday, May 8th. Susquehanna increased their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Barclays boosted their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.44.

Expeditors International of Washington Trading Down 1.2%

Shares of EXPD opened at $165.55 on Tuesday. The stock’s 50 day moving average is $158.96 and its two-hundred day moving average is $153.70. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52. The firm has a market capitalization of $21.65 billion, a PE ratio of 28.94, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its 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 return on equity of 36.16% and a net margin of 7.64%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

About Expeditors International of Washington

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.