OppenheimerFunds Inc. Acquires 19,149 Shares of Expeditors International of Washington (NASDAQ:EXPD)

OppenheimerFunds Inc. grew its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 285,494 shares of the transportation company’s stock after acquiring an additional 19,149 shares during the quarter. OppenheimerFunds Inc.’s holdings in Expeditors International of Washington were worth $21,669,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EXPD. Papp L Roy & Associates lifted its position in Expeditors International of Washington by 0.8% during the fourth quarter. Papp L Roy & Associates now owns 119,137 shares of the transportation company’s stock worth $8,112,000 after purchasing an additional 904 shares during the period. Confluence Investment Management LLC lifted its position in Expeditors International of Washington by 4.2% during the first quarter. Confluence Investment Management LLC now owns 251,592 shares of the transportation company’s stock worth $19,096,000 after purchasing an additional 10,096 shares during the period. Vanguard Group Inc lifted its position in Expeditors International of Washington by 1.7% during the third quarter. Vanguard Group Inc now owns 20,535,471 shares of the transportation company’s stock worth $1,509,974,000 after purchasing an additional 336,122 shares during the period. Dupont Capital Management Corp lifted its position in Expeditors International of Washington by 6.1% during the fourth quarter. Dupont Capital Management Corp now owns 5,467 shares of the transportation company’s stock worth $372,000 after purchasing an additional 313 shares during the period. Finally, TrimTabs Asset Management LLC lifted its position in Expeditors International of Washington by 5.0% during the first quarter. TrimTabs Asset Management LLC now owns 17,764 shares of the transportation company’s stock worth $1,348,000 after purchasing an additional 847 shares during the period. 92.34% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on EXPD shares. Cowen reaffirmed a “market perform” rating and set a $78.00 price objective (up previously from $75.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 20th. Credit Suisse Group upped their price objective on shares of Expeditors International of Washington from $64.00 to $69.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 20th. BidaskClub raised shares of Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Stifel Nicolaus set a $77.00 price objective on shares of Expeditors International of Washington and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, ValuEngine cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Expeditors International of Washington has an average rating of “Hold” and an average price target of $73.00.

EXPD stock opened at $74.53 on Friday. The stock has a market capitalization of $12.78 billion, a PE ratio of 21.42 and a beta of 0.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.22 and a quick ratio of 2.22. Expeditors International of Washington has a 12 month low of $62.90 and a 12 month high of $80.69.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 7th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.99 billion. Expeditors International of Washington had a return on equity of 31.25% and a net margin of 7.49%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. As a group, analysts anticipate that Expeditors International of Washington will post 3.46 EPS for the current year.

The business also recently announced a semiannual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.50 dividend. The ex-dividend date is Friday, May 31st. This represents a dividend yield of 1.35%. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio is 28.74%.

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Expeditors International of Washington Company 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, and other logistics solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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