Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Sold by Keybank National Association OH
Posted by admin on Jul 21st, 2022
Keybank National Association OH cut its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) by 32.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,757 shares of the transportation company’s stock after selling 2,235 shares during the quarter. Keybank National Association OH’s holdings in Expeditors International of Washington were worth $491,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its stake in Expeditors International of Washington by 3.8% during the first quarter. GHP Investment Advisors Inc. now owns 62,998 shares of the transportation company’s stock worth $6,499,000 after acquiring an additional 2,281 shares during the last quarter. Hardy Reed LLC increased its stake in Expeditors International of Washington by 4.6% during the first quarter. Hardy Reed LLC now owns 3,873 shares of the transportation company’s stock worth $400,000 after acquiring an additional 172 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Expeditors International of Washington by 16.2% in the first quarter. Vestmark Advisory Solutions Inc. now owns 5,551 shares of the transportation company’s stock valued at $573,000 after buying an additional 775 shares in the last quarter. Keel Point LLC grew its stake in shares of Expeditors International of Washington by 23.8% in the first quarter. Keel Point LLC now owns 36,524 shares of the transportation company’s stock valued at $3,768,000 after buying an additional 7,013 shares in the last quarter. Finally, Eads & Heald Wealth Management grew its stake in shares of Expeditors International of Washington by 0.8% in the first quarter. Eads & Heald Wealth Management now owns 23,363 shares of the transportation company’s stock valued at $2,410,000 after buying an additional 191 shares in the last quarter. 92.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on EXPD shares. Cowen increased their target price on Expeditors International of Washington from $111.00 to $125.00 in a research note on Thursday, May 5th. Wells Fargo & Company lowered their target price on Expeditors International of Washington from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Cowen increased their target price on Expeditors International of Washington from $111.00 to $125.00 in a research note on Thursday, May 5th. StockNews.com lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, Barclays lowered their target price on Expeditors International of Washington from $105.00 to $95.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.33.
Expeditors International of Washington Stock Performance
Shares of EXPD stock opened at $102.24 on Thursday. Expeditors International of Washington, Inc. has a 1 year low of $92.58 and a 1 year high of $137.80. The stock has a market cap of $17.15 billion, a PE ratio of 11.83 and a beta of 0.88. The business’s fifty day moving average is $101.81 and its 200-day moving average is $105.47.
Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The transportation company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.28. Expeditors International of Washington had a return on equity of 42.58% and a net margin of 8.20%. The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. Equities research analysts predict that Expeditors International of Washington, Inc. will post 7.64 earnings per share for the current year.
Expeditors International of Washington Increases Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.58. This represents a dividend yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 15.51%.
Expeditors International of Washington Profile
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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