Asset Management One Co. Ltd. Boosts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Posted by Defense World Staff on Jul 13th, 2023

Asset Management One Co. Ltd. raised its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,849 shares of the transportation company’s stock after buying an additional 383 shares during the period. Asset Management One Co. Ltd.’s holdings in Expeditors International of Washington were worth $7,582,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXPD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Expeditors International of Washington by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,667 shares of the transportation company’s stock valued at $2,338,000 after buying an additional 1,404 shares during the period. Sei Investments Co. boosted its position in Expeditors International of Washington by 6.7% during the first quarter. Sei Investments Co. now owns 133,626 shares of the transportation company’s stock valued at $13,801,000 after buying an additional 8,438 shares during the period. National Pension Service boosted its position in Expeditors International of Washington by 4.9% during the first quarter. National Pension Service now owns 288,713 shares of the transportation company’s stock valued at $29,784,000 after buying an additional 13,608 shares during the period. Vanguard Group Inc. boosted its position in Expeditors International of Washington by 1.0% during the first quarter. Vanguard Group Inc. now owns 19,675,632 shares of the transportation company’s stock valued at $2,029,739,000 after buying an additional 190,319 shares during the period. Finally, Zions Bancorporation N.A. boosted its position in Expeditors International of Washington by 234.3% during the first quarter. Zions Bancorporation N.A. now owns 575 shares of the transportation company’s stock valued at $59,000 after buying an additional 403 shares during the period. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, CEO Jeffrey S. Musser sold 30,041 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $111.30, for a total transaction of $3,343,563.30. Following the completion of the transaction, the chief executive officer now owns 116,587 shares of the company’s stock, valued at $12,976,133.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jeffrey S. Musser sold 30,041 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $111.30, for a total transaction of $3,343,563.30. Following the sale, the chief executive officer now owns 116,587 shares in the company, valued at $12,976,133.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Bradley S. Powell sold 12,138 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $118.01, for a total transaction of $1,432,405.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,077 shares of company stock valued at $5,117,562. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD stock opened at $122.75 on Thursday. Expeditors International of Washington, Inc. has a 1 year low of $86.08 and a 1 year high of $124.22. The company has a market cap of $18.75 billion, a P/E ratio of 16.07 and a beta of 1.00. The firm has a 50-day moving average of $116.38 and a 200 day moving average of $111.48.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last announced its earnings results on Tuesday, May 2nd. The transportation company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.12. Expeditors International of Washington had a net margin of 8.25% and a return on equity of 37.24%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The business’s revenue for the quarter was down 44.4% on a year-over-year basis. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.51 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.69 per share. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.67. The ex-dividend date was Wednesday, May 31st. This represents a dividend yield of 1.1%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 18.06%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EXPD shares. Morgan Stanley dropped their target price on shares of Expeditors International of Washington from $85.00 to $84.00 in a report on Thursday, July 6th. Barclays increased their target price on shares of Expeditors International of Washington from $90.00 to $95.00 in a report on Wednesday, May 3rd. Finally, StockNews.com started coverage on shares of Expeditors International of Washington in a report on Thursday, May 18th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $100.75.

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, 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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