Catalyst Funds Management Pty Ltd Takes Position in Expeditors International of Washington, Inc. $EXPD

Catalyst Funds Management Pty Ltd acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,400 shares of the transportation company’s stock, valued at approximately $1,699,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPD. Signaturefd LLC grew its holdings in Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after buying an additional 71 shares in the last quarter. RIA Advisory Group LLC grew its holdings in Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after buying an additional 78 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in Expeditors International of Washington by 4.2% during the third quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after buying an additional 84 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after buying an additional 95 shares in the last quarter. Finally, Hardy Reed LLC grew its holdings in Expeditors International of Washington by 2.8% during the fourth quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock worth $523,000 after buying an additional 95 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Trading Up 0.8%

EXPD stock opened at $158.52 on Friday. The stock’s fifty day simple moving average is $148.09 and its two-hundred day simple moving average is $149.59. Expeditors International of Washington, Inc. has a 1-year low of $109.90 and a 1-year high of $167.19. The stock has a market cap of $20.73 billion, a P/E ratio of 27.71, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping 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 period in the previous year, the company earned $1.47 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Truist Financial decreased their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna upped their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, UBS Group upped their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. 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 issued a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Company 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.