iA Global Asset Management Inc. Purchases 3,812 Shares of Expeditors International of Washington, Inc. $EXPD

iA Global Asset Management Inc. lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 36.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,359 shares of the transportation company’s stock after buying an additional 3,812 shares during the period. iA Global Asset Management Inc.’s holdings in Expeditors International of Washington were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington during the fourth quarter valued at $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington during the 4th quarter valued at about $32,000. Finally, Community Bank N.A. purchased a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at about $34,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.4%

EXPD stock opened at $167.43 on Friday. The business’s 50-day moving average price is $158.27 and its 200-day moving average price is $153.48. The stock has a market cap of $21.90 billion, a P/E ratio of 29.27, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results 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 period last year, the business posted $1.47 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Barclays boosted their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Susquehanna upped their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.44.

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.