Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Acquired by Hardy Reed LLC

Posted by admin on Jul 21st, 2022

Hardy Reed LLC increased its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,873 shares of the transportation company’s stock after buying an additional 172 shares during the quarter. Hardy Reed LLC’s holdings in Expeditors International of Washington were worth $400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Expeditors International of Washington by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 536,970 shares of the transportation company’s stock worth $72,110,000 after purchasing an additional 9,820 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth $2,155,000. Exchange Traded Concepts LLC raised its position in shares of Expeditors International of Washington by 23.5% during the first quarter. Exchange Traded Concepts LLC now owns 3,953 shares of the transportation company’s stock worth $408,000 after purchasing an additional 753 shares during the period. AE Wealth Management LLC raised its position in shares of Expeditors International of Washington by 15.0% during the first quarter. AE Wealth Management LLC now owns 5,176 shares of the transportation company’s stock worth $534,000 after purchasing an additional 674 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Expeditors International of Washington by 98.2% during the fourth quarter. Mackenzie Financial Corp now owns 101,319 shares of the transportation company’s stock worth $13,606,000 after purchasing an additional 50,194 shares during the period. 92.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EXPD. Barclays cut their target price on Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. Cowen upped their price target on Expeditors International of Washington from $111.00 to $125.00 in a research report on Thursday, May 5th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Cowen upped their price target on Expeditors International of Washington from $111.00 to $125.00 in a research report on Thursday, May 5th. Finally, Wells Fargo & Company dropped their price target on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and an average target price of $111.33.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $102.24 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $92.58 and a fifty-two week high of $137.80. The stock’s 50-day moving average is $101.81 and its two-hundred day moving average is $105.47. The firm has a market cap of $17.15 billion, a P/E ratio of 11.83 and a beta of 0.88.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The transportation company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.28. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.26 billion. Expeditors International of Washington had a return on equity of 42.58% and a net margin of 8.20%. The firm’s revenue was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 EPS. As a group, research analysts expect that Expeditors International of Washington, Inc. will post 7.64 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a dividend of $0.67 per share. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.58. The ex-dividend date was Tuesday, May 31st. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is presently 15.51%.

About Expeditors International of Washington

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Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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.

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