Expeditors International of Washington, Inc. $EXPD Shares Sold by Boston Partners

Boston Partners decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,470,699 shares of the transportation company’s stock after selling 92,575 shares during the quarter. Boston Partners owned 2.59% of Expeditors International of Washington worth $517,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Expeditors International of Washington by 4.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after acquiring an additional 999 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,420 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after acquiring an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after acquiring an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of research analyst reports. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group raised their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Truist Financial cut their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Finally, Susquehanna raised their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $166.69 on Friday. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The stock’s fifty day moving average is $153.60 and its two-hundred day moving average is $152.06.

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, topping the consensus estimate 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 period in the previous year, the firm earned $1.47 EPS. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio 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.