Covestor Ltd Grows Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Covestor Ltd raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 33.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,541 shares of the transportation company’s stock after purchasing an additional 385 shares during the quarter. Covestor Ltd’s holdings in Expeditors International of Washington were worth $187,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in Expeditors International of Washington in the 4th quarter worth about $27,000. CVA Family Office LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $35,000. BKM Wealth Management LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter valued at approximately $37,000. Planned Solutions Inc. bought a new position in Expeditors International of Washington in the fourth quarter worth approximately $37,000. Finally, Fortitude Family Office LLC bought a new stake in Expeditors International of Washington during the 4th quarter valued at $38,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of EXPD traded down $0.55 during trading hours on Tuesday, hitting $122.42. The stock had a trading volume of 239,025 shares, compared to its average volume of 1,310,582. The firm has a 50-day moving average price of $121.94 and a 200 day moving average price of $121.26. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The firm has a market capitalization of $17.29 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 5.51 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company’s quarterly revenue was down 14.9% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. As a group, analysts predict that Expeditors International of Washington, Inc. will post 4.97 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXPD. TD Cowen increased their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Stifel Nicolaus boosted their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Bank of America upped their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Finally, Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $113.56.

Insider Activity at Expeditors International of Washington

In related news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at $1,741,891.95. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. 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, import, 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.