D.A. Davidson & CO. Buys 1,030 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

D.A. Davidson & CO. grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,056 shares of the transportation company’s stock after buying an additional 1,030 shares during the period. D.A. Davidson & CO.’s holdings in Expeditors International of Washington were worth $4,714,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in Expeditors International of Washington by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 233,538 shares of the transportation company’s stock valued at $29,706,000 after purchasing an additional 1,044 shares in the last quarter. Balentine LLC boosted its holdings in Expeditors International of Washington by 41.3% in the 4th quarter. Balentine LLC now owns 7,889 shares of the transportation company’s stock worth $1,003,000 after buying an additional 2,306 shares during the period. Thoroughbred Financial Services LLC increased its stake in Expeditors International of Washington by 22.6% in the 4th quarter. Thoroughbred Financial Services LLC now owns 3,457 shares of the transportation company’s stock worth $439,000 after buying an additional 637 shares in the last quarter. UBS Group AG raised its holdings in Expeditors International of Washington by 66.7% during the fourth quarter. UBS Group AG now owns 437,456 shares of the transportation company’s stock valued at $55,644,000 after acquiring an additional 175,111 shares during the period. Finally, MainStreet Investment Advisors LLC lifted its position in shares of Expeditors International of Washington by 4.5% in the fourth quarter. MainStreet Investment Advisors LLC now owns 6,683 shares of the transportation company’s stock valued at $850,000 after acquiring an additional 286 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXPD has been the topic of a number of research analyst reports. Bank of America initiated coverage on Expeditors International of Washington in a report on Friday, March 15th. They issued a “neutral” rating and a $126.00 price target on the stock. BNP Paribas raised shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a report on Tuesday, May 14th. Susquehanna lifted their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. TD Cowen increased their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $111.63.

Check Out Our Latest Research Report on EXPD

Expeditors International of Washington Trading Down 0.5 %

EXPD opened at $117.17 on Thursday. The business’s fifty day simple moving average is $117.12 and its 200-day simple moving average is $120.86. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 6.46 and a beta of 1.00. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. The company’s quarterly revenue was down 14.9% on a year-over-year basis. During the same period last year, the firm earned $1.45 earnings per share. On average, equities research analysts predict that Expeditors International of Washington, Inc. will post 4.82 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.73 per share. The ex-dividend date is Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 29.24%.

Insider Activity

In related news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares in the company, valued at approximately $702,424.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $122.63, for a total value of $245,260.00. Following the sale, the vice president now owns 5,728 shares in the company, valued at approximately $702,424.64. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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