Janney Montgomery Scott LLC Cuts Stake in Expeditors International of Washington, Inc. $EXPD

Janney Montgomery Scott LLC lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,099 shares of the transportation company’s stock after selling 11,972 shares during the quarter. Janney Montgomery Scott LLC owned 0.05% of Expeditors International of Washington worth $10,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boomfish Wealth Group LLC boosted its holdings in Expeditors International of Washington by 1.0% in the 1st quarter. Boomfish Wealth Group LLC now owns 20,411 shares of the transportation company’s stock worth $2,923,000 after acquiring an additional 197 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of Expeditors International of Washington during the first quarter valued at approximately $264,000. GHP Investment Advisors Inc. lifted its position in shares of Expeditors International of Washington by 3.6% during the first quarter. GHP Investment Advisors Inc. now owns 102,038 shares of the transportation company’s stock worth $14,615,000 after purchasing an additional 3,526 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Expeditors International of Washington by 4.2% during the first quarter. Aaron Wealth Advisors LLC now owns 2,478 shares of the transportation company’s stock worth $355,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Expeditors International of Washington in the first quarter valued at $974,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $167.43 on Friday. Expeditors International of Washington, Inc. has a 12 month low of $110.48 and a 12 month high of $168.52. The company has a market capitalization of $21.90 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company’s fifty day moving average price is $158.27 and its two-hundred day moving average price is $153.48.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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%. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. As a group, analysts anticipate 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 disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.81 per share. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Susquehanna raised their price target 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. UBS Group boosted their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped 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 report on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $140.44.

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.