Expeditors International of Washington, Inc. $EXPD Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 142.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 55,922 shares of the transportation company’s stock after purchasing an additional 32,829 shares during the quarter. Empowered Funds LLC’s holdings in Expeditors International of Washington were worth $8,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington in the fourth quarter worth about $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington in the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. raised its holdings in Expeditors International of Washington by 132.3% in the 4th 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 during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial boosted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Citizens Jmp began coverage on Expeditors International of Washington in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Susquehanna boosted their price objective on 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 research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus price target of $153.78.

Expeditors International of Washington Trading Up 0.5%

Expeditors International of Washington stock opened at $167.78 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $183.52. The stock has a market cap of $21.94 billion, a P/E ratio of 29.33, a PEG ratio of 5.00 and a beta of 1.04. The company has a 50-day moving average price of $166.66 and a 200 day moving average price of $156.47.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating 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%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.47 EPS. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 15th. Stockholders 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 of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

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.