Expeditors International of Washington, Inc. $EXPD Shares Acquired by National Pension Service

National Pension Service lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 68.9% during the fourth quarter, Holdings Channel reports. The firm owned 67,537 shares of the transportation company’s stock after buying an additional 27,551 shares during the period. National Pension Service’s holdings in Expeditors International of Washington were worth $10,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after purchasing an additional 1,661,457 shares during the period. Balyasny Asset Management L.P. bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $113,194,000. Wellington Management Group LLP grew its holdings in Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after buying an additional 749,993 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in Expeditors International of Washington in the 4th quarter worth approximately $65,957,000. Finally, Caisse de depot et placement du Quebec grew its holdings in Expeditors International of Washington by 59.4% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock worth $131,291,000 after buying an additional 399,250 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EXPD shares. Truist Financial decreased their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. UBS Group increased their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Susquehanna increased their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $158.44 on Monday. The stock has a fifty day moving average price of $149.77 and a two-hundred day moving average price of $150.57. The firm has a market cap of $20.72 billion, a P/E ratio of 27.70, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1 year low of $109.90 and a 1 year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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 return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the prior year, the firm posted $1.47 earnings per share. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.81 per share. This represents a dividend yield of 102.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

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.