Expeditors International of Washington, Inc. $EXPD Holdings Lifted by Auto Owners Insurance Co

Auto Owners Insurance Co increased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14,801.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 610,196 shares of the transportation company’s stock after acquiring an additional 606,101 shares during the quarter. Auto Owners Insurance Co’s holdings in Expeditors International of Washington were worth $9,092,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pure Financial Advisors LLC grew its position in Expeditors International of Washington by 5.7% in the 4th quarter. Pure Financial Advisors LLC now owns 3,474 shares of the transportation company’s stock worth $518,000 after purchasing an additional 188 shares during the last quarter. Midway Capital Research & Management acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $2,432,000. MidFirst Bank acquired a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $149,000. Kera Capital Partners Inc. bought a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $274,000. Finally, Virtu Financial LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $1,263,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $161.29 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $168.52. The firm has a 50-day simple moving average of $155.24 and a two-hundred day simple moving average of $152.60. The company has a market cap of $21.09 billion, a P/E ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 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 company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Susquehanna boosted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on 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. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, UBS Group boosted their target price on 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. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.