Erste Asset Management GmbH Makes New $526,000 Investment in Expeditors International of Washington, Inc. $EXPD

Erste Asset Management GmbH acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,479 shares of the transportation company’s stock, valued at approximately $526,000.

Several other large investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after purchasing an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Expeditors International of Washington by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after purchasing an additional 32,063 shares in the last quarter. Marshfield Associates grew its position in shares of Expeditors International of Washington by 4.6% in the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after purchasing an additional 86,182 shares in the last quarter. Wellington Management Group LLP grew its position 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 purchasing an additional 749,993 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Expeditors International of Washington by 733.9% in the third 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 valued at $231,432,000 after purchasing an additional 1,661,457 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

EXPD opened at $164.31 on Thursday. Expeditors International of Washington, Inc. has a one year low of $110.48 and a one year high of $167.19. The stock has a market capitalization of $21.49 billion, a PE ratio of 28.73, a P/E/G ratio of 5.00 and a beta of 1.05. The business’s 50 day moving average price is $152.69 and its 200 day moving average price is $151.79.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 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%.During the same period in the previous year, the firm earned $1.47 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast 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 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 101.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EXPD shares. JPMorgan Chase & Co. upped their price target 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. UBS Group upped their price target 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. Truist Financial dropped their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Susquehanna upped their price target 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. Finally, Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $137.30.

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.