Expeditors International of Washington, Inc. $EXPD Stock Position Trimmed by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 42.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 505,372 shares of the transportation company’s stock after selling 373,537 shares during the period. Epoch Investment Partners Inc.’s holdings in Expeditors International of Washington were worth $72,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Expeditors International of Washington by 733.9% during the third 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 valued at $231,432,000 after buying an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $201,164,000. Norges Bank bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $180,719,000. Balyasny Asset Management L.P. acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at approximately $113,194,000. Finally, Wellington Management Group LLP increased its position in Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after acquiring an additional 749,993 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXPD shares. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Susquehanna upped 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. Bank of America increased their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Two equities research analysts have 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’s stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $153.78.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $175.37 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $183.52. The firm has a market capitalization of $22.94 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 5.00 and a beta of 1.04. The company has a 50 day moving average price of $165.48 and a 200 day moving average price of $156.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) 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%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm 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. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is currently 26.21%.

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.