Swedbank AB Boosts Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Swedbank AB increased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 153.5% in the 4th quarter, HoldingsChannel reports. The firm owned 29,678 shares of the transportation company’s stock after purchasing an additional 17,969 shares during the period. Swedbank AB’s holdings in Expeditors International of Washington were worth $4,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Community Bank N.A. purchased a new position in Expeditors International of Washington during the third quarter worth about $34,000. Geneos Wealth Management Inc. increased its holdings 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 buying an additional 131 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after buying an additional 224 shares in the last quarter. eCIO Inc. purchased a new position in Expeditors International of Washington in the fourth quarter valued at about $37,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Expeditors International of Washington by 63.6% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock valued at $44,000 after buying an additional 140 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $156.63 on Friday. The firm has a 50 day simple moving average of $145.55 and a 200-day simple moving average of $146.95. Expeditors International of Washington, Inc. has a 1-year low of $108.40 and a 1-year high of $167.19. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $1.47 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect 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 disclosed 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. This represents a dividend yield of 106.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group increased their target price 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. Susquehanna increased their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday. 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. Finally, Barclays increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on 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.