Arbejdsmarkedets Tillaegspension Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Arbejdsmarkedets Tillaegspension bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 1st quarter, Holdings Channel.com reports. The fund bought 70,182 shares of the transportation company’s stock, valued at approximately $10,052,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPD. International Assets Investment Management LLC lifted its position in shares of Expeditors International of Washington by 8.8% during the 1st quarter. International Assets Investment Management LLC now owns 3,917 shares of the transportation company’s stock valued at $565,000 after acquiring an additional 318 shares during the period. Fifth Third Bancorp grew its holdings in shares of Expeditors International of Washington by 388.5% during the 1st quarter. Fifth Third Bancorp now owns 34,250 shares of the transportation company’s stock worth $4,906,000 after purchasing an additional 27,239 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of Expeditors International of Washington by 4.4% in the first quarter. Simplicity Wealth LLC now owns 3,873 shares of the transportation company’s stock worth $555,000 after purchasing an additional 163 shares during the period. Candriam S.C.A. increased its position in shares of Expeditors International of Washington by 117.4% in the first quarter. Candriam S.C.A. now owns 48,066 shares of the transportation company’s stock worth $6,884,000 after purchasing an additional 25,955 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Expeditors International of Washington by 24.0% in the first quarter. Sequoia Financial Advisors LLC now owns 10,306 shares of the transportation company’s stock valued at $1,476,000 after purchasing an additional 1,992 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Susquehanna raised their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Barclays upped their price target 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, June 25th. Finally, Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $142.22.

Expeditors International of Washington Stock Up 2.0%

Shares of EXPD stock opened at $175.44 on Tuesday. The business has a fifty day simple moving average of $161.12 and a 200 day simple moving average of $154.33. The company has a market cap of $22.95 billion, a P/E ratio of 30.67, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $177.11.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating 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 for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) 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.