Expeditors International of Washington, Inc. $EXPD Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 16.7% during the first quarter, HoldingsChannel reports. The firm owned 82,669 shares of the transportation company’s stock after purchasing an additional 11,860 shares during the period. Sei Investments Co.’s holdings in Expeditors International of Washington were worth $11,841,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Bank of America increased their price target on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. 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. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus target price of $153.78.

Expeditors International of Washington Trading Up 0.5%

Shares of EXPD stock opened at $167.78 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $183.52. The company’s 50-day moving average price is $166.66 and its 200-day moving average price is $156.47. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.81 dividend. 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 26.21%.

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.