Harvest Fund Management Co. Ltd Boosts Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Harvest Fund Management Co. Ltd grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 851.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,374 shares of the transportation company’s stock after acquiring an additional 5,704 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Expeditors International of Washington were worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after acquiring an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Expeditors International of Washington by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after acquiring an additional 32,063 shares during the last quarter. Marshfield Associates boosted its holdings in 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 worth $238,161,000 after acquiring an additional 86,182 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after acquiring an additional 749,993 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after acquiring an additional 1,661,457 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXPD. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. UBS Group boosted their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Truist Financial cut their price target on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 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 equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $160.41 on Friday. The company’s 50-day moving average is $151.33 and its 200 day moving average is $151.20. The company has a market capitalization of $20.98 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $1.47 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts predict 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 disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio 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.