Expeditors International of Washington, Inc. $EXPD Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC cut its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 525,834 shares of the transportation company’s stock after selling 21,216 shares during the period. Madison Asset Management LLC’s holdings in Expeditors International of Washington were worth $78,355,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EXPD. Signaturefd LLC raised its stake in Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 71 shares during the last quarter. RIA Advisory Group LLC boosted its stake in Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after purchasing an additional 78 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock worth $256,000 after purchasing an additional 84 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after buying an additional 95 shares in the last quarter. Finally, Atria Investments Inc raised its position in shares of Expeditors International of Washington by 0.3% in the third quarter. Atria Investments Inc now owns 33,622 shares of the transportation company’s stock valued at $4,122,000 after buying an additional 100 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $154.50 on Wednesday. The firm has a market cap of $20.21 billion, a P/E ratio of 27.01, a P/E/G ratio of 5.00 and a beta of 1.04. The firm’s 50 day moving average price is $146.25 and its 200-day moving average price is $147.70. Expeditors International of Washington, Inc. has a one year low of $109.90 and a one year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 earnings per share. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 106.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

Analysts Set New Price Targets

EXPD has been the topic of several recent research reports. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. UBS Group boosted their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Susquehanna upped their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, Barclays lifted their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.