Thrivent Financial for Lutherans Sells 3,332 Shares of Expeditors International of Washington, Inc. $EXPD

Thrivent Financial for Lutherans reduced its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 610,422 shares of the transportation company’s stock after selling 3,332 shares during the period. Thrivent Financial for Lutherans’ holdings in Expeditors International of Washington were worth $90,959,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after purchasing an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Expeditors International of Washington by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after acquiring an additional 32,063 shares during the period. Marshfield Associates grew its stake in Expeditors International of Washington by 4.6% in the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after acquiring an additional 86,182 shares during the period. Wellington Management Group LLP grew its stake in Expeditors International of Washington by 64.1% in the third 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. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Expeditors International of Washington by 733.9% in 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 acquiring an additional 1,661,457 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXPD. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. raised their price objective on 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 raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial reduced their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Finally, UBS Group raised their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Stock Up 1.3%

Shares of NASDAQ:EXPD opened at $155.53 on Friday. The stock has a market cap 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, Inc. has a 12-month low of $109.90 and a 12-month high of $167.19. The business’s 50 day moving average is $146.74 and its 200 day moving average is $148.26.

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 return on equity of 36.16% and a net margin of 7.64%.The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 EPS. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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