Aster Capital Management DIFC Ltd Makes New $527,000 Investment in Expeditors International of Washington, Inc. $EXPD

Aster Capital Management DIFC Ltd bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,535 shares of the transportation company’s stock, valued at approximately $527,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in Expeditors International of Washington during the fourth quarter worth $28,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington during the fourth quarter worth $32,000. Geneos Wealth Management Inc. raised its holdings in Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after buying an additional 131 shares during the last quarter. Oakworth Capital Inc. raised its holdings in Expeditors International of Washington by 1,723.1% during the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after buying an additional 224 shares during the last quarter. Finally, eCIO Inc. acquired a new position in Expeditors International of Washington during the fourth quarter worth $37,000. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Trading Down 2.0%

Shares of Expeditors International of Washington stock opened at $163.32 on Tuesday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 5.00 and a beta of 1.05. The company’s 50-day moving average price is $153.95 and its 200-day moving average price is $152.22.

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 (EPS) 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%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 EPS. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s payout ratio is 26.21%.

Analyst Upgrades and Downgrades

EXPD has been the subject of several recent analyst reports. UBS Group upped their target price on shares of 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. Susquehanna upped their target price on shares of 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. JPMorgan Chase & Co. upped their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Truist Financial reduced their target price on shares of 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, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.