Asset Dedication LLC Acquires 503 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Asset Dedication LLC lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 339.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 651 shares of the transportation company’s stock after purchasing an additional 503 shares during the period. Asset Dedication LLC’s holdings in Expeditors International of Washington were worth $72,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hara Capital LLC bought a new stake in Expeditors International of Washington during the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington during the third quarter valued at approximately $57,000. Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at approximately $59,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company’s stock worth $62,000 after purchasing an additional 300 shares during the last quarter. Finally, Quarry LP lifted its holdings in Expeditors International of Washington by 315.6% during the 2nd quarter. Quarry LP now owns 561 shares of the transportation company’s stock worth $70,000 after buying an additional 426 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 0.5 %

Shares of Expeditors International of Washington stock opened at $113.76 on Friday. The stock’s fifty day simple moving average is $114.93 and its 200 day simple moving average is $119.45. The company has a market capitalization of $15.92 billion, a PE ratio of 22.17, a PEG ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 12 month low of $108.36 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.16 earnings per share. Expeditors International of Washington’s revenue was up 37.0% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 5.47 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 2nd. Expeditors International of Washington’s dividend payout ratio is 28.46%.

Analyst Ratings Changes

Several equities research analysts have recently commented on EXPD shares. Stifel Nicolaus lowered their target price on Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Wolfe Research cut Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Barclays raised their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. TD Cowen boosted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, Bank of America reduced their price objective on shares of Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $117.44.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.69% of the stock is currently owned by company insiders.

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.