Epoch Investment Partners Inc. Has $130.97 Million Holdings in Expeditors International of Washington, Inc. $EXPD

Epoch Investment Partners Inc. lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 14.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 878,909 shares of the transportation company’s stock after selling 151,578 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Expeditors International of Washington were worth $130,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Expeditors International of Washington by 733.9% in 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 worth $231,432,000 after buying an additional 1,661,457 shares during the last quarter. Norges Bank acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $180,719,000. Balyasny Asset Management L.P. acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth about $113,194,000. Wellington Management Group LLP lifted its position in shares of Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after purchasing an additional 749,993 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth about $65,957,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.1%

Shares of EXPD opened at $166.69 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 5.00 and a beta of 1.05. The stock’s 50-day moving average price is $153.60 and its 200 day moving average price is $152.06.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) 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 quarter last year, the business earned $1.47 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several research analyst reports. UBS Group boosted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Susquehanna boosted their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $137.30.

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.