Mitsubishi UFJ Asset Management Co. Ltd. Sells 7,210 Shares of Expeditors International of Washington, Inc. $EXPD

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 318,209 shares of the transportation company’s stock after selling 7,210 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Expeditors International of Washington were worth $48,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Expeditors International of Washington by 733.9% during the third 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 valued at $231,432,000 after acquiring an additional 1,661,457 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $113,194,000. Wellington Management Group LLP raised its stake in shares of Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after acquiring an additional 749,993 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $65,957,000. Finally, Caisse de depot et placement du Quebec increased its holdings in Expeditors International of Washington by 59.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock valued at $131,291,000 after buying an additional 399,250 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday. UBS Group lifted their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday. Barclays lifted their price objective on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 15th. Zacks Research lowered shares of Expeditors International of Washington from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $137.30.

Expeditors International of Washington Trading Up 3.1%

NASDAQ EXPD opened at $156.63 on Friday. The firm’s fifty day simple moving average is $145.55 and its two-hundred day simple moving average is $146.95. Expeditors International of Washington, Inc. has a 12-month low of $108.40 and a 12-month high of $167.19. The firm has a market capitalization of $20.83 billion, a P/E ratio of 27.38, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the company earned $1.47 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 106.0%. Expeditors International of Washington’s payout ratio is presently 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.