Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. lessened its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 941,112 shares of the transportation company’s stock after selling 21,358 shares during the period. 1832 Asset Management L.P. owned approximately 0.65% of Expeditors International of Washington worth $119,709,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXPD. Optiver Holding B.V. purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $27,000. CVA Family Office LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $35,000. BKM Wealth Management LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $37,000. Planned Solutions Inc. purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $37,000. Finally, Fortitude Family Office LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 3.2 %

Shares of EXPD traded up $3.96 during mid-day trading on Wednesday, hitting $126.30. The company had a trading volume of 1,807,927 shares, compared to its average volume of 1,267,974. The business’s 50-day simple moving average is $117.07 and its 200-day simple moving average is $121.16. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.17. The stock has a market cap of $17.84 billion, a PE ratio of 26.76, a P/E/G ratio of 6.58 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a net margin of 7.81% and a return on equity of 28.89%. Expeditors International of Washington’s revenue was down 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 4.88 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.73 per share. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 3rd. Expeditors International of Washington’s payout ratio is presently 30.93%.

Insider Transactions at Expeditors International of Washington

In other news, VP Jeffrey F. Dickerman sold 2,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $122.63, for a total transaction of $245,260.00. Following the transaction, the vice president now directly owns 5,728 shares of the company’s stock, valued at $702,424.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the sale, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jeffrey F. Dickerman sold 2,000 shares of Expeditors International of Washington stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $122.63, for a total transaction of $245,260.00. Following the completion of the sale, the vice president now owns 5,728 shares of the company’s stock, valued at approximately $702,424.64. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXPD. Bank of America began coverage on shares of Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 target price for the company. TD Cowen raised their target price on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus lifted their price target on shares of Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. Finally, BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.25.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.