Assenagon Asset Management S.A. Has $11.23 Million Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Assenagon Asset Management S.A. lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 76.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,398 shares of the transportation company’s stock after selling 259,597 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Expeditors International of Washington worth $11,229,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Expeditors International of Washington during the 4th quarter worth $28,000. DV Equities LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at about $32,000. Finally, Community Bank N.A. acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at about $34,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Performance

EXPD stock opened at $160.66 on Friday. The business has a 50-day simple moving average of $156.97 and a two-hundred day simple moving average of $153.05. The company has a market capitalization of $21.01 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. 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 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%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several analyst reports. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. UBS Group upped their price objective on shares of 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. JPMorgan Chase & Co. increased their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Barclays boosted their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $138.80.

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.