Principal Financial Group Inc. Reduces Position in Expeditors International of Washington, Inc. $EXPD

Principal Financial Group Inc. trimmed its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,077,186 shares of the transportation company’s stock after selling 90,643 shares during the quarter. Principal Financial Group Inc.’s holdings in Expeditors International of Washington were worth $160,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in Expeditors International of Washington by 2.1% during the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock worth $514,000 after acquiring an additional 71 shares during the period. RIA Advisory Group LLC lifted its position in Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after acquiring an additional 78 shares during the period. HighPoint Advisor Group LLC lifted its position in Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after acquiring an additional 84 shares during the period. Frank Rimerman Advisors LLC lifted its position in Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares during the period. Finally, Atria Investments Inc lifted its position in Expeditors International of Washington by 0.3% during the 3rd quarter. Atria Investments Inc now owns 33,622 shares of the transportation company’s stock worth $4,122,000 after acquiring an additional 100 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have weighed in on EXPD. Susquehanna decreased their price objective on Expeditors International of Washington from $160.00 to $142.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. decreased their price objective on Expeditors International of Washington from $134.00 to $132.00 and set an “underweight” rating for the company in a research report on Monday, January 12th. Truist Financial decreased their price objective 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. Finally, Bank of America raised Expeditors International of Washington from a “neutral” rating to a “buy” rating in a research report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $134.30.

Read Our Latest Stock Analysis on EXPD

Expeditors International of Washington Price Performance

EXPD opened at $153.08 on Wednesday. The business has a 50 day simple moving average of $145.25 and a 200-day simple moving average of $146.49. The stock has a market capitalization of $20.36 billion, a P/E ratio of 26.76, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 12 month low of $106.00 and a 12 month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 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%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 earnings per share. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS 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 $0.81 dividend. 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 currently 25.93%.

Expeditors International of Washington Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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