River Road Asset Management LLC Sells 129,710 Shares of Expeditors International of Washington, Inc. $EXPD

River Road Asset Management LLC lowered its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 54.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 107,023 shares of the transportation company’s stock after selling 129,710 shares during the period. River Road Asset Management LLC’s holdings in Expeditors International of Washington were worth $15,947,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth $28,000. Bard Associates Inc. purchased a new stake in shares of Expeditors International of Washington during the 4th quarter worth $32,000. Community Bank N.A. bought a new stake in Expeditors International of Washington during the third quarter valued at about $34,000. Finally, Geneos Wealth Management Inc. grew its stake in 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 last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.0%

Shares of NASDAQ:EXPD opened at $161.29 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $110.48 and a 52-week high of $168.52. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05. The business has a 50-day moving average price of $155.24 and a 200-day moving average price of $152.60.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results 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 period last year, the company earned $1.47 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, equities 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 firm also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EXPD shares. Truist Financial cut their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. raised their target price 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. Susquehanna upped their price target 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. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $137.30.

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.