Candriam S.C.A. Acquires 25,955 Shares of Expeditors International of Washington, Inc. $EXPD

Candriam S.C.A. grew its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 117.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,066 shares of the transportation company’s stock after buying an additional 25,955 shares during the period. Candriam S.C.A.’s holdings in Expeditors International of Washington were worth $6,884,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXPD. Exchange Traded Concepts LLC increased its holdings in shares of Expeditors International of Washington by 40.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock worth $10,807,000 after purchasing an additional 20,755 shares in the last quarter. Brendel Financial Advisors LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $4,213,000. Arjuna Capital boosted its position in shares of Expeditors International of Washington by 37.0% during the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after buying an additional 6,471 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Expeditors International of Washington by 5.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 207,392 shares of the transportation company’s stock valued at $32,703,000 after buying an additional 11,061 shares during the last quarter. Finally, Swedbank AB increased its holdings in Expeditors International of Washington by 153.5% in the 4th quarter. Swedbank AB now owns 29,678 shares of the transportation company’s stock worth $4,422,000 after buying an additional 17,969 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on EXPD shares. UBS Group raised their target price on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays upped their price target 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. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Susquehanna upped their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $142.22.

Expeditors International of Washington Trading Up 2.0%

Shares of EXPD stock opened at $175.44 on Tuesday. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $177.11. The stock’s 50-day moving average price is $161.12 and its 200-day moving average price is $154.33.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results 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 net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.81 per share. This represents a dividend yield of 101.0%. The ex-dividend date was 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.