6,561 Shares in Expeditors International of Washington, Inc. $EXPD Purchased by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,561 shares of the transportation company’s stock, valued at approximately $978,000.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp boosted its position in Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after purchasing an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Expeditors International of Washington by 0.5% during the fourth 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 in the last quarter. Marshfield Associates boosted its position in Expeditors International of Washington by 4.6% during the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock worth $238,161,000 after purchasing an additional 86,182 shares in the last quarter. Wellington Management Group LLP boosted its position in Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after purchasing an additional 749,993 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Expeditors International of Washington by 733.9% during the third 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 purchasing an additional 1,661,457 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPD has been the topic of a number of recent analyst reports. Susquehanna increased their price target on 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. JPMorgan Chase & Co. increased their price target on 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. UBS Group raised their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. 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, Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $157.29 on Friday. Expeditors International of Washington, Inc. has a one year low of $109.90 and a one year high of $167.19. The company has a market cap of $20.57 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 5.00 and a beta of 1.04. The business’s 50 day moving average price is $147.74 and its 200 day moving average price is $149.52.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 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%.During the same quarter in the prior year, the business earned $1.47 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict 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 disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a yield of 106.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

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.