North Dakota State Investment Board Invests $732,000 in Expeditors International of Washington, Inc. $EXPD

North Dakota State Investment Board purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,913 shares of the transportation company’s stock, valued at approximately $732,000.

Several other large investors have also recently made changes to their positions in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Expeditors International of Washington by 733.9% in 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 acquiring an additional 1,661,457 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Expeditors International of Washington in the 3rd quarter worth $113,194,000. Wellington Management Group LLP raised its position in shares of Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after acquiring an additional 749,993 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Expeditors International of Washington during the 4th quarter valued at about $65,957,000. Finally, Caisse de depot et placement du Quebec increased its position in Expeditors International of Washington by 59.4% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock valued at $131,291,000 after buying an additional 399,250 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $158.47 on Thursday. The business’s 50-day simple moving average is $147.42 and its two-hundred day simple moving average is $149.28. The company has a market cap of $20.73 billion, a PE ratio of 27.70, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a fifty-two week low of $109.90 and a fifty-two week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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 quarter in the prior year, the firm posted $1.47 EPS. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

Analyst Ratings Changes

Several brokerages recently issued reports on EXPD. UBS Group upped their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Truist Financial reduced their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $137.30.

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.