Gibbs Wealth Management Buys 5,253 Shares of Expeditors International of Washington, Inc. $EXPD

Gibbs Wealth Management lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 295.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,030 shares of the transportation company’s stock after purchasing an additional 5,253 shares during the period. Gibbs Wealth Management’s holdings in Expeditors International of Washington were worth $1,007,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EXPD. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington in the 4th quarter worth about $30,000. Bard Associates Inc. purchased a new stake in Expeditors International of Washington in the 4th quarter worth about $32,000. Finally, Geneos Wealth Management Inc. raised its stake 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 period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $175.37 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $183.52. The stock has a market cap of $22.94 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The stock has a fifty day moving average of $165.48 and a 200-day moving average of $156.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (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 in the previous year, the business posted $1.47 EPS. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business 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. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. Susquehanna upped their price objective 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. Bank of America lifted their target price on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday. Citizens Jmp initiated coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Finally, Barclays raised their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Two 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $153.78.

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.