North Dakota State Investment Board Invests $732,000 in Expeditors International of Washington, Inc. $EXPD

North Dakota State Investment Board bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,913 shares of the transportation company’s stock, valued at approximately $732,000.

A number of other hedge funds have also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. Leuthold Group LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $4,850,000. iA Global Asset Management Inc. boosted its stake in shares of Expeditors International of Washington by 68.1% in the fourth quarter. iA Global Asset Management Inc. now owns 10,547 shares of the transportation company’s stock worth $1,572,000 after buying an additional 4,273 shares during the last quarter. Accredited Investors Inc. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth about $213,000. Finally, Canada Post Corp Registered Pension Plan boosted its stake in shares of Expeditors International of Washington by 27.2% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 3,364 shares of the transportation company’s stock worth $501,000 after buying an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EXPD. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. upped their target price on 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. Truist Financial lowered their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, UBS Group increased their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Trading Up 0.6%

Shares of EXPD stock opened at $158.47 on Thursday. The company has a market capitalization of $20.73 billion, a P/E ratio of 27.70, a P/E/G ratio of 5.00 and a beta of 1.04. The business’s 50 day moving average is $147.42 and its two-hundred day moving average is $149.28. Expeditors International of Washington, Inc. has a 12-month low of $109.90 and a 12-month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued 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 dividend payout ratio is presently 26.21%.

Expeditors International of Washington Company 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.