Healthcare of Ontario Pension Plan Trust Fund Grows Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 58.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,420 shares of the transportation company’s stock after purchasing an additional 3,122 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Expeditors International of Washington were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington during the fourth quarter valued at $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington in the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $30,000. Bard Associates Inc. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Expeditors International of Washington by 132.3% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citizens Jmp assumed coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays increased their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Stifel Nicolaus lifted their target price on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Finally, Susquehanna upped their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $153.78.

Expeditors International of Washington Price Performance

EXPD stock opened at $167.78 on Friday. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $183.52. The business has a fifty day moving average price of $166.66 and a 200-day moving average price of $156.47. The stock has a market capitalization of $21.94 billion, a P/E ratio of 29.33, a P/E/G ratio of 5.00 and a beta of 1.04.

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, beating the consensus estimate 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 previous year, the firm earned $1.47 EPS. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. As a group, 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 business also recently declared a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 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.