Azzad Asset Management Inc. ADV Trims Stock Position in Expeditors International of Washington, Inc. $EXPD

Azzad Asset Management Inc. ADV decreased its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,609 shares of the transportation company’s stock after selling 5,390 shares during the quarter. Expeditors International of Washington makes up 0.7% of Azzad Asset Management Inc. ADV’s holdings, making the stock its 17th largest position. Azzad Asset Management Inc. ADV’s holdings in Expeditors International of Washington were worth $7,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its holdings in Expeditors International of Washington by 40.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock valued at $10,807,000 after buying an additional 20,755 shares in the last quarter. Brendel Financial Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $4,213,000. Arjuna Capital boosted its stake in shares of Expeditors International of Washington by 37.0% during the 4th quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock worth $3,567,000 after acquiring an additional 6,471 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Expeditors International of Washington by 5.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 207,392 shares of the transportation company’s stock valued at $32,703,000 after acquiring an additional 11,061 shares during the period. Finally, Marshfield Associates grew its position in shares of Expeditors International of Washington by 4.6% during the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after acquiring an additional 86,182 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.8%

EXPD stock opened at $164.38 on Thursday. The stock has a market capitalization of $21.50 billion, a P/E ratio of 28.74, a P/E/G ratio of 5.00 and a beta of 1.04. The firm has a 50-day simple moving average of $159.65 and a 200-day simple moving average of $153.90. 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 issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating 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%. During the same period last year, the firm posted $1.47 EPS. Expeditors International of Washington’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The company 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 dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on EXPD shares. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Barclays boosted their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. UBS Group upped their target price on 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. Finally, JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, 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.