MV Capital Management Inc. Buys New Position in Expeditors International of Washington, Inc. $EXPD

MV Capital Management Inc. bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,114 shares of the transportation company’s stock, valued at approximately $3,146,000.

Several other hedge funds also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth approximately $28,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington in the 4th quarter valued at $32,000. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 131 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its stake 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 during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPD has been the topic of several analyst reports. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report 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 company an “underweight” rating in a research note on Wednesday, May 6th. Truist Financial reduced their target price 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. UBS Group raised their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, 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 report on Wednesday, May 6th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Stock Up 0.4%

Shares of EXPD opened at $161.29 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The company’s fifty day moving average is $154.95 and its two-hundred day moving average is $152.54. The firm has a market cap of $21.09 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last released 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%.The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share. As a group, equities research 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 company also recently declared a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio 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.