Guardian Wealth Advisors LLC Boosts Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Guardian Wealth Advisors LLC lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,050 shares of the transportation company’s stock after acquiring an additional 115 shares during the period. Guardian Wealth Advisors LLC’s holdings in Expeditors International of Washington were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. D. E. Shaw & Co. Inc. grew its holdings in shares of Expeditors International of Washington by 581.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company’s stock worth $51,089,000 after purchasing an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company’s stock valued at $42,295,000 after acquiring an additional 308,390 shares during the period. International Assets Investment Management LLC boosted its position in Expeditors International of Washington by 15,046.0% during the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company’s stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Assenagon Asset Management S.A. increased its holdings in Expeditors International of Washington by 140.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company’s stock valued at $57,702,000 after purchasing an additional 256,317 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company’s stock valued at $197,538,000 after purchasing an additional 227,671 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXPD. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen raised their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Barclays lifted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $118.44.

Expeditors International of Washington Stock Up 0.2 %

EXPD stock opened at $120.37 on Tuesday. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The stock has a market cap of $16.85 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98. The firm’s 50-day simple moving average is $122.01 and its 200 day simple moving average is $121.72.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business posted $1.16 earnings per share. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 28.46%.

Expeditors International of Washington Profile

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.