BNP Paribas Financial Markets Has $40.97 Million Stock Position in Expeditors International of Washington, Inc. $EXPD

BNP Paribas Financial Markets raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 18.2% during the fourth quarter, Holdings Channel reports. The firm owned 274,943 shares of the transportation company’s stock after buying an additional 42,258 shares during the period. BNP Paribas Financial Markets’ holdings in Expeditors International of Washington were worth $40,969,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $28,000. Community Bank N.A. acquired a new stake in Expeditors International of Washington during the third quarter valued at approximately $34,000. Geneos Wealth Management Inc. boosted its holdings in Expeditors International of Washington by 132.3% during 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 in the last quarter. Oakworth Capital Inc. boosted its holdings in Expeditors International of Washington by 1,723.1% during 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 in the last quarter. Finally, eCIO Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter valued at approximately $37,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $159.04 on Thursday. The company has a market capitalization of $20.80 billion, a P/E ratio of 27.80, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a one year low of $110.48 and a one year high of $167.19. The business’s 50 day simple moving average is $150.63 and its 200-day simple moving average is $150.98.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate 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%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. On average, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. UBS Group lifted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Susquehanna boosted their target price 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 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $137.30.

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.