Weybosset Research & Management LLC Lowers Stake in Expeditors International of Washington, Inc. $EXPD

Weybosset Research & Management LLC cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 50.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,985 shares of the transportation company’s stock after selling 22,096 shares during the quarter. Expeditors International of Washington comprises approximately 0.9% of Weybosset Research & Management LLC’s portfolio, making the stock its 23rd largest holding. Weybosset Research & Management LLC’s holdings in Expeditors International of Washington were worth $3,149,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EXPD. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $32,000. Finally, Community Bank N.A. purchased a new stake in shares of Expeditors International of Washington during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $161.29 on Monday. The stock has a fifty day moving average price of $155.24 and a two-hundred day moving average price of $152.65. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping 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%. During the same quarter last year, the company posted $1.47 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXPD. UBS Group lifted their price objective on shares of 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. Truist Financial cut their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of 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. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Susquehanna raised their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $137.30.

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.