Verdence Capital Advisors LLC Buys 625 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Verdence Capital Advisors LLC increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,813 shares of the transportation company’s stock after acquiring an additional 625 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EXPD. Envestnet Portfolio Solutions Inc. grew its position in shares of Expeditors International of Washington by 33.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,727 shares of the transportation company’s stock worth $332,000 after buying an additional 679 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Expeditors International of Washington by 439.5% in the 1st quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company’s stock worth $5,317,000 after buying an additional 35,629 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Expeditors International of Washington by 10.6% in the 1st quarter. Atomi Financial Group Inc. now owns 1,753 shares of the transportation company’s stock worth $213,000 after buying an additional 168 shares during the last quarter. Sei Investments Co. grew its position in shares of Expeditors International of Washington by 11.0% in the 1st quarter. Sei Investments Co. now owns 37,281 shares of the transportation company’s stock worth $4,532,000 after buying an additional 3,687 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Expeditors International of Washington by 8.9% in the 1st quarter. Inspire Investing LLC now owns 13,018 shares of the transportation company’s stock worth $1,583,000 after buying an additional 1,066 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $120.06 on Friday. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The firm has a market capitalization of $16.81 billion, a P/E ratio of 23.40, a PEG ratio of 3.56 and a beta of 0.98. The business has a fifty day moving average of $122.39 and a 200 day moving average of $121.37.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. Analysts expect that Expeditors International of Washington, Inc. will post 5.16 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is presently 28.46%.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a “sell” rating in a research note on Wednesday. UBS Group upgraded Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their target price for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Barclays raised their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average target price of $115.00.

Expeditors International of Washington 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.