J.W. Cole Advisors Inc. Takes Position in Expeditors International of Washington, Inc. $EXPD

J.W. Cole Advisors Inc. bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, HoldingsChannel reports. The firm bought 13,880 shares of the transportation company’s stock, valued at approximately $2,068,000.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXPD. Susquehanna boosted their price target 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. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Truist Financial lowered their price target 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. UBS Group boosted their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $160.41 on Monday. The company’s 50 day simple moving average is $151.33 and its 200-day simple moving average is $151.26. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth 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 $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating 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%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 EPS. Equities analysts expect 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 will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.

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.