Anchor Capital Advisors LLC Sells 10,252 Shares of Expeditors International of Washington, Inc. $EXPD

Anchor Capital Advisors LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 336,148 shares of the transportation company’s stock after selling 10,252 shares during the quarter. Expeditors International of Washington makes up about 1.4% of Anchor Capital Advisors LLC’s portfolio, making the stock its 19th largest position. Anchor Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $50,089,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after purchasing an additional 71 shares during the period. RIA Advisory Group LLC grew its stake in shares of Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after acquiring an additional 78 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after acquiring an additional 84 shares during the period. Frank Rimerman Advisors LLC increased its holdings in Expeditors International of Washington by 1.8% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares during the last quarter. Finally, Hardy Reed LLC raised its stake in Expeditors International of Washington by 2.8% in the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 95 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. UBS Group upped their price target on shares of 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. Susquehanna raised their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Trading Down 1.3%

EXPD stock opened at $157.88 on Wednesday. The firm has a 50 day moving average of $150.02 and a 200-day moving average of $150.71. Expeditors International of Washington, Inc. has a 12 month low of $110.08 and a 12 month high of $167.19. The firm has a market capitalization of $20.65 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping 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 quarter last year, the firm posted $1.47 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 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.