HighTower Advisors LLC Sells 9,595 Shares of Expeditors International of Washington, Inc. $EXPD

HighTower Advisors LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,135 shares of the transportation company’s stock after selling 9,595 shares during the quarter. HighTower Advisors LLC’s holdings in Expeditors International of Washington were worth $6,726,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in Expeditors International of Washington during the fourth quarter valued at $28,000. Geneos Wealth Management Inc. boosted its position in shares of Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Expeditors International of Washington by 1,723.1% during the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after purchasing an additional 224 shares in the last quarter. eCIO Inc. bought a new position in shares of Expeditors International of Washington during the 4th quarter worth about $37,000. Finally, Community Bank N.A. bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $34,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD opened at $161.67 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $109.90 and a fifty-two week high of $167.19. The firm has a market capitalization of $21.15 billion, a PE ratio of 28.26, a P/E/G ratio of 5.00 and a beta of 1.04. The company’s 50-day moving average is $149.17 and its 200 day moving average is $150.29.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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%. During the same period last year, the firm posted $1.47 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.81 dividend. This represents a dividend yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXPD. JPMorgan Chase & Co. increased their price objective on shares of 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. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Susquehanna increased their price objective 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. Truist Financial cut their price objective on shares of 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. Finally, Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.30.

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.