4,361 Shares in Expeditors International of Washington, Inc. $EXPD Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,361 shares of the transportation company’s stock, valued at approximately $650,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Oakworth Capital Inc. lifted its position in Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 224 shares during the last quarter. eCIO Inc. purchased a new stake in Expeditors International of Washington in the fourth quarter valued at $37,000. Community Bank N.A. purchased a new stake in Expeditors International of Washington in the third quarter valued at $34,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Expeditors International of Washington by 63.6% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $155.53 on Friday. Expeditors International of Washington, Inc. has a one year low of $109.90 and a one year high of $167.19. The company has a 50-day simple moving average of $146.74 and a 200-day simple moving average of $148.26. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 5.00 and a beta of 1.04.

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 (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%. During the same quarter last year, the business earned $1.47 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a dividend yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXPD. UBS Group boosted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of 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. Truist Financial reduced their price target 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. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, 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 research report on Wednesday, May 6th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Company 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.