iA Global Asset Management Inc. Increases Stock Position in Expeditors International of Washington, Inc. $EXPD

iA Global Asset Management Inc. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 36.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,359 shares of the transportation company’s stock after buying an additional 3,812 shares during the period. iA Global Asset Management Inc.’s holdings in Expeditors International of Washington were worth $2,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after purchasing an additional 71 shares in the last quarter. RIA Advisory Group LLC increased its position in Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after buying an additional 78 shares in the last quarter. Rossby Financial LCC increased its position in Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after buying an additional 80 shares in the last quarter. Claro Advisors Inc. raised its stake in Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after buying an additional 83 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its stake in Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after buying an additional 95 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

EXPD stock opened at $167.43 on Friday. The stock has a market capitalization of $21.90 billion, a P/E ratio of 29.27, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52. The business has a fifty day moving average price of $158.27 and a 200-day moving average price of $153.48.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the firm earned $1.47 EPS. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate 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. Stockholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a dividend 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 presently 26.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped 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. UBS Group increased 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 report on Friday, May 8th. Barclays raised their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus price target of $140.44.

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.