Expeditors International of Washington, Inc. $EXPD Stock Position Decreased by Sienna Gestion

Sienna Gestion trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,459 shares of the transportation company’s stock after selling 4,355 shares during the quarter. Sienna Gestion’s holdings in Expeditors International of Washington were worth $9,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EXPD. Picton Mahoney Asset Management bought a new stake in Expeditors International of Washington in the third quarter worth approximately $1,041,000. Exchange Traded Concepts LLC raised its holdings in shares of Expeditors International of Washington by 40.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock valued at $10,807,000 after purchasing an additional 20,755 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Expeditors International of Washington by 12.7% during the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 80,232 shares of the transportation company’s stock valued at $9,836,000 after purchasing an additional 9,019 shares in the last quarter. Brendel Financial Advisors LLC acquired a new stake in shares of Expeditors International of Washington in the 4th quarter valued at $4,213,000. Finally, Camrose Capital Investment Partners LLP lifted its stake in shares of Expeditors International of Washington by 6.4% in the 3rd quarter. Camrose Capital Investment Partners LLP now owns 348,433 shares of the transportation company’s stock valued at $42,714,000 after purchasing an additional 21,100 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 2.0%

EXPD opened at $163.32 on Tuesday. The firm has a market capitalization of $21.36 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The stock’s 50 day moving average price is $153.95 and its two-hundred day moving average price is $152.22. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results 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%.During the same quarter last year, the firm earned $1.47 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on EXPD shares. UBS Group increased their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Susquehanna increased their price objective 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. Finally, Truist Financial cut their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target 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.