Andra AP fonden Decreases Stock Position in Expeditors International of Washington, Inc. $EXPD

Andra AP fonden reduced its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 59.7% during the first quarter, HoldingsChannel reports. The firm owned 38,021 shares of the transportation company’s stock after selling 56,379 shares during the period. Andra AP fonden’s holdings in Expeditors International of Washington were worth $5,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter valued at $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in Expeditors International of Washington in the 4th quarter worth $30,000. Bard Associates Inc. bought a new position in shares of Expeditors International of Washington in the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. boosted its stake in Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

EXPD has been the subject of a number of research analyst reports. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Bank of America increased their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research note on Tuesday. Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Barclays upped their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $153.78.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $177.74 on Thursday. The firm has a market capitalization of $23.25 billion, a P/E ratio of 31.07, a P/E/G ratio of 5.00 and a beta of 1.04. The business’s 50-day moving average is $164.62 and its 200 day moving average is $155.73. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. On average, analysts expect 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 issued a $0.81 dividend. 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 (DPR) 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.