Tiaa Fsb Takes $264,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Nov 16th, 2022

Tiaa Fsb purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,711 shares of the transportation company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EXPD. Valley National Advisers Inc. increased its position in shares of Expeditors International of Washington by 605.6% during the second quarter. Valley National Advisers Inc. now owns 254 shares of the transportation company’s stock worth $25,000 after acquiring an additional 218 shares in the last quarter. Allworth Financial LP boosted its position in shares of Expeditors International of Washington by 2,866.7% during the second quarter. Allworth Financial LP now owns 267 shares of the transportation company’s stock valued at $26,000 after buying an additional 258 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Expeditors International of Washington by 78.0% during the second quarter. Lindbrook Capital LLC now owns 283 shares of the transportation company’s stock valued at $28,000 after buying an additional 124 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in Expeditors International of Washington by 3,625.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 298 shares of the transportation company’s stock valued at $29,000 after buying an additional 290 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new position in Expeditors International of Washington during the 2nd quarter valued at $29,000. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EXPD. Susquehanna reduced their target price on shares of Expeditors International of Washington from $110.00 to $95.00 in a research note on Wednesday, November 9th. Barclays cut their price target on shares of Expeditors International of Washington from $95.00 to $90.00 and set an “underweight” rating on the stock in a report on Thursday, October 13th. Morgan Stanley decreased their price objective on shares of Expeditors International of Washington from $94.00 to $86.00 and set an “underweight” rating for the company in a report on Monday, October 3rd. Susquehanna Bancshares dropped their target price on shares of Expeditors International of Washington from $110.00 to $95.00 in a research note on Wednesday, November 9th. Finally, StockNews.com began coverage on shares of Expeditors International of Washington in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.38.

Insider Buying and Selling at Expeditors International of Washington

In related news, VP Jeffrey F. Dickerman sold 986 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $106.59, for a total value of $105,097.74. Following the transaction, the vice president now directly owns 1,770 shares in the company, valued at $188,664.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Bradley S. Powell sold 17,206 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $106.23, for a total value of $1,827,793.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey F. Dickerman sold 986 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $106.59, for a total transaction of $105,097.74. Following the transaction, the vice president now directly owns 1,770 shares in the company, valued at $188,664.30. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Expeditors International of Washington Stock Up 3.5 %

Shares of NASDAQ EXPD opened at $115.66 on Wednesday. The company has a market cap of $18.41 billion, a P/E ratio of 12.15 and a beta of 0.93. Expeditors International of Washington, Inc. has a 52 week low of $86.08 and a 52 week high of $137.80. The business has a 50-day simple moving average of $95.33 and a two-hundred day simple moving average of $100.44.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The transportation company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.63. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.21 billion. Expeditors International of Washington had a net margin of 8.36% and a return on equity of 44.27%. During the same period last year, the business earned $2.09 earnings per share. Expeditors International of Washington’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 8.14 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio is currently 14.08%.

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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