Expeditors International of Washington, Inc. $EXPD Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 341,956 shares of the transportation company’s stock after selling 23,704 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Expeditors International of Washington were worth $48,978,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington during the 4th quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new stake in Expeditors International of Washington in the fourth quarter valued at $30,000. Bard Associates Inc. acquired a new position in Expeditors International of Washington in the fourth quarter valued at $32,000. Finally, Community Bank N.A. purchased a new position in shares of Expeditors International of Washington during the third quarter worth about $34,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays boosted their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased 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. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, UBS Group lifted their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and a consensus price target of $142.22.

Expeditors International of Washington Stock Down 0.1%

EXPD opened at $171.92 on Monday. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $172.18. The business has a 50 day moving average price of $160.57 and a two-hundred day moving average price of $154.16. The company has a market cap of $22.49 billion, a PE ratio of 30.06, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced 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%.During the same period in the prior year, the company posted $1.47 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect 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 disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 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.