Cvfg LLC Purchases Shares of 16,881 Expeditors International of Washington, Inc. $EXPD

Cvfg LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,881 shares of the transportation company’s stock, valued at approximately $2,418,000.

Several other large investors also recently made changes to their positions in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after buying an additional 1,661,457 shares during the period. Southpoint Capital Advisors LP bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $201,164,000. Norges Bank bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $180,719,000. Balyasny Asset Management L.P. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at $113,194,000. Finally, Wellington Management Group LLP lifted its stake in shares of Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after buying an additional 749,993 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

EXPD opened at $165.63 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The firm has a 50-day moving average of $159.33 and a 200 day moving average of $153.81. The firm has a market cap of $21.66 billion, a P/E ratio of 28.96, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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 in the previous year, the business earned $1.47 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities 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 company also recently disclosed 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. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EXPD. JPMorgan Chase & Co. boosted their target price 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 price target 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. Barclays increased their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Susquehanna lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $140.44.

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.