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

Posted by Defense World Staff on Jul 24th, 2023

Cwm LLC lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,192 shares of the transportation company’s stock after purchasing an additional 445 shares during the quarter. Cwm LLC’s holdings in Expeditors International of Washington were worth $792,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EXPD. First Trust Advisors LP raised its stake in shares of Expeditors International of Washington by 517.3% during the fourth quarter. First Trust Advisors LP now owns 2,144,696 shares of the transportation company’s stock worth $222,884,000 after purchasing an additional 1,797,268 shares during the last quarter. Norges Bank acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at $133,106,000. Renaissance Technologies LLC boosted its stake in shares of Expeditors International of Washington by 1,025.5% during the first quarter. Renaissance Technologies LLC now owns 990,616 shares of the transportation company’s stock valued at $102,192,000 after acquiring an additional 902,600 shares during the last quarter. Select Equity Group L.P. boosted its stake in shares of Expeditors International of Washington by 388.0% during the fourth quarter. Select Equity Group L.P. now owns 670,172 shares of the transportation company’s stock valued at $69,644,000 after acquiring an additional 532,835 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in Expeditors International of Washington by 31.1% in the 4th quarter. Baird Financial Group Inc. now owns 1,943,349 shares of the transportation company’s stock worth $201,953,000 after buying an additional 461,031 shares during the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $124.75 on Monday. The stock’s 50-day simple moving average is $117.50 and its 200 day simple moving average is $112.40. The company has a market cap of $19.06 billion, a P/E ratio of 16.33 and a beta of 1.00. Expeditors International of Washington, Inc. has a 52-week low of $86.08 and a 52-week high of $125.74.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last posted its earnings results on Tuesday, May 2nd. The transportation company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.33 by $0.12. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.91 billion. Expeditors International of Washington had a return on equity of 37.24% and a net margin of 8.25%. The firm’s revenue for the quarter was down 44.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. As a group, equities analysts predict 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 company also recently announced a Semi-Annual dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a $0.69 dividend. The ex-dividend date was Wednesday, May 31st. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.67. This represents a dividend yield of 1.1%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 18.06%.

Analyst Ratings Changes

Several research firms have recently weighed in on EXPD. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $99.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley reduced their price target on Expeditors International of Washington from $85.00 to $84.00 in a research report on Thursday, July 6th. Barclays boosted their price objective on Expeditors International of Washington from $90.00 to $95.00 in a research note on Wednesday, May 3rd. Finally, StockNews.com initiated coverage on Expeditors International of Washington in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.33.

Insider Activity at Expeditors International of Washington

In related news, CFO Bradley S. Powell sold 12,138 shares of Expeditors International of Washington stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $118.01, for a total value of $1,432,405.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Bradley S. Powell sold 12,138 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $118.01, for a total transaction of $1,432,405.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey S. Musser sold 30,041 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 116,587 shares in the company, valued at approximately $12,976,133.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,077 shares of company stock valued at $5,117,562. 0.69% of the stock is owned by corporate insiders.

About Expeditors International of Washington

(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.