Expeditors International of Washington, Inc. $EXPD Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,609 shares of the transportation company’s stock after selling 5,390 shares during the quarter. Expeditors International of Washington comprises about 0.7% of Azzad Asset Management Inc. ADV’s portfolio, making the stock its 17th biggest holding. Azzad Asset Management Inc. ADV’s holdings in Expeditors International of Washington were worth $7,249,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lmcg Investments LLC lifted its stake in shares of Expeditors International of Washington by 2.6% in the first quarter. Lmcg Investments LLC now owns 26,027 shares of the transportation company’s stock worth $3,728,000 after buying an additional 659 shares in the last quarter. Cvfg LLC purchased a new stake in Expeditors International of Washington during the 1st quarter valued at about $2,418,000. R Squared Ltd grew its stake in Expeditors International of Washington by 79.6% during the 1st quarter. R Squared Ltd now owns 2,498 shares of the transportation company’s stock valued at $358,000 after acquiring an additional 1,107 shares in the last quarter. Busey Bank raised its holdings in Expeditors International of Washington by 1.0% in the 1st quarter. Busey Bank now owns 98,229 shares of the transportation company’s stock valued at $14,069,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in Expeditors International of Washington by 20.1% in the 1st quarter. Whittier Trust Co. now owns 1,196 shares of the transportation company’s stock valued at $174,000 after acquiring an additional 200 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.8%

Expeditors International of Washington stock opened at $164.38 on Thursday. The company has a 50-day moving average price of $159.65 and a 200 day moving average price of $153.90. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52. The stock has a market cap of $21.50 billion, a P/E ratio of 28.74, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating 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%. During the same period last year, the business posted $1.47 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXPD. UBS Group raised their target price on shares of 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. Barclays increased their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Susquehanna boosted their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.44.

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.