iA Global Asset Management Inc. Increases Stock Position in Expeditors International of Washington, Inc. $EXPD

iA Global Asset Management Inc. increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 68.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,547 shares of the transportation company’s stock after purchasing an additional 4,273 shares during the quarter. iA Global Asset Management Inc.’s holdings in Expeditors International of Washington were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Community Bank N.A. purchased a new position in shares of Expeditors International of Washington in the third quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 131 shares during the period. Oakworth Capital Inc. boosted its stake in shares of Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 224 shares during the period. eCIO Inc. purchased a new position in shares of Expeditors International of Washington in the fourth quarter valued at $37,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Expeditors International of Washington by 63.6% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 140 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group upped their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. 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 research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective 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, Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $156.76 on Tuesday. Expeditors International of Washington, Inc. has a 12 month low of $109.90 and a 12 month high of $167.19. The company has a market capitalization of $20.50 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company’s fifty day moving average price is $146.94 and its two-hundred day moving average price is $148.73.

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

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

About Expeditors International of Washington

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.