Caxton Associates LLP Takes Position in Expeditors International of Washington, Inc. $EXPD

Caxton Associates LLP purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,065 shares of the transportation company’s stock, valued at approximately $2,158,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position 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 valued at $945,004,000 after purchasing an additional 377,703 shares during the period. First Eagle Investment Management LLC increased its position in Expeditors International of Washington by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after purchasing an additional 32,063 shares during the period. Wellington Management Group LLP raised its stake in shares of Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after buying an additional 749,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Expeditors International of Washington by 733.9% during the 3rd 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 worth $231,432,000 after buying an additional 1,661,457 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Expeditors International of Washington by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,522,593 shares of the transportation company’s stock valued at $218,068,000 after buying an additional 37,795 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXPD. Susquehanna lifted their price target 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. Stifel Nicolaus increased their price objective 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. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America boosted their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped 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 note on Wednesday, May 6th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $153.78.

Expeditors International of Washington Stock Down 0.5%

Shares of EXPD stock opened at $175.37 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $183.52. The stock has a market cap of $22.94 billion, a P/E ratio of 30.66, a P/E/G ratio of 5.00 and a beta of 1.04. The business has a fifty day simple moving average of $165.48 and a 200-day simple moving average of $156.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly 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 return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the firm posted $1.47 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is 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.