Virtu Financial LLC Purchases New Position in Expeditors International of Washington, Inc. $EXPD

Virtu Financial LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,478 shares of the transportation company’s stock, valued at approximately $1,263,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $28,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its position in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 131 shares in the last quarter. Finally, Oakworth Capital Inc. raised its stake in shares of 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 valued at $35,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EXPD shares. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Susquehanna raised 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. lifted their price target 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. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Truist Financial decreased their price objective on shares of 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. One research 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Stock Down 0.0%

Shares of EXPD opened at $161.29 on Friday. The firm has a market cap of $21.09 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05. The business’s 50 day moving average is $155.24 and its two-hundred day moving average is $152.60. Expeditors International of Washington, Inc. has a 52-week low of $110.48 and a 52-week high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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%. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, equities analysts expect 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 business also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Expeditors International of Washington 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.