Thrivent Financial for Lutherans Sells 3,332 Shares of Expeditors International of Washington, Inc. $EXPD

Thrivent Financial for Lutherans cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 610,422 shares of the transportation company’s stock after selling 3,332 shares during the quarter. Thrivent Financial for Lutherans owned 0.46% of Expeditors International of Washington worth $90,959,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXPD. Community Bank N.A. bought a new position in Expeditors International of Washington in the third quarter valued at about $34,000. Geneos Wealth Management Inc. raised its position 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. Oakworth Capital Inc. raised its position 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 purchasing an additional 224 shares during the last quarter. eCIO Inc. bought a new position in Expeditors International of Washington in the fourth quarter valued at about $37,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position 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 purchasing an additional 140 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on EXPD shares. UBS Group increased their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. 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. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Susquehanna increased their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Trading Up 1.3%

Shares of EXPD stock opened at $155.53 on Friday. The stock has a 50-day moving average of $146.74 and a 200-day moving average of $148.26. Expeditors International of Washington, Inc. has a 1-year low of $109.90 and a 1-year high of $167.19. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results 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 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 earned $1.47 earnings per share. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.81 dividend. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

Expeditors International of Washington Company 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.