Expeditors International of Washington, Inc. $EXPD Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,018,690 shares of the transportation company’s stock after selling 147,120 shares during the period. TD Asset Management Inc’s holdings in Expeditors International of Washington were worth $151,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after purchasing an additional 623 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock worth $279,000 after purchasing an additional 999 shares during the last quarter. Woodline Partners LP increased its position in shares of Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 3,420 shares during the last quarter. Focus Partners Wealth increased its position in shares of Expeditors International of Washington by 33.9% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Expeditors International of Washington by 29.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock worth $127,000 after purchasing an additional 255 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $159.94 on Friday. The company has a market cap of $20.92 billion, a P/E ratio of 27.96, a P/E/G ratio of 5.00 and a beta of 1.05. The stock has a 50-day moving average of $150.99 and a two-hundred day moving average of $151.13. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $167.19.

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

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Truist Financial dropped their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington has a consensus 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.