Forsta AP Fonden Increases Holdings in Expeditors International of Washington, Inc. $EXPD

Forsta AP Fonden lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 81.4% in the 4th quarter, Holdings Channel reports. The fund owned 89,600 shares of the transportation company’s stock after buying an additional 40,200 shares during the quarter. Forsta AP Fonden’s holdings in Expeditors International of Washington were worth $13,351,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPD. Norges Bank bought a new position in Expeditors International of Washington in the 4th quarter worth about $180,719,000. Eurizon Capital SGR S.p.A. bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $32,004,000. Fideuram Asset Management Ireland dac bought a new stake in Expeditors International of Washington in the 4th quarter worth approximately $2,152,000. National Pension Service lifted its position in Expeditors International of Washington by 68.9% in the 4th quarter. National Pension Service now owns 67,537 shares of the transportation company’s stock worth $10,064,000 after buying an additional 27,551 shares during the last quarter. Finally, Basepoint Wealth LLC purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $46,000. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of a number of analyst reports. Truist Financial decreased their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note 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. Susquehanna boosted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, UBS Group boosted their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One 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. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $158.44 on Monday. The company has a market cap of $20.72 billion, a P/E ratio of 27.70, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1 year low of $109.90 and a 1 year high of $167.19. The stock’s fifty day moving average price is $149.77 and its 200-day moving average price is $150.57.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (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%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. On average, sell-side analysts anticipate 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 declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.81 per share. This represents a dividend yield of 102.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend 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.