First Trust Advisors LP Has $24.15 Million Holdings in Expeditors International of Washington, Inc. $EXPD

First Trust Advisors LP decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 90.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,606 shares of the transportation company’s stock after selling 1,609,801 shares during the quarter. First Trust Advisors LP’s holdings in Expeditors International of Washington were worth $24,149,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth $30,000. Bard Associates Inc. bought a new stake in Expeditors International of Washington during the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. raised its position in Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $171.62 on Wednesday. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a one year low of $110.48 and a one year high of $183.52. The business’s fifty day moving average is $166.05 and its 200-day moving average is $156.25.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating 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%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. Research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America lifted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Stifel Nicolaus raised their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Truist Financial upped their price objective on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Susquehanna lifted their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $153.78.

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.