Swedbank AB Increases Stake in Expeditors International of Washington, Inc. $EXPD

Swedbank AB grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 153.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,678 shares of the transportation company’s stock after buying an additional 17,969 shares during the quarter. Swedbank AB’s holdings in Expeditors International of Washington were worth $4,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $1,699,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $32,176,000. EverSource Wealth Advisors LLC increased its position in shares of Expeditors International of Washington by 17.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,222 shares of the transportation company’s stock worth $182,000 after purchasing an additional 182 shares in the last quarter. Pinnbrook Capital Management LP purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $978,000. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Expeditors International of Washington by 3.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 34,564 shares of the transportation company’s stock worth $5,150,000 after purchasing an additional 1,289 shares in 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 NASDAQ EXPD opened at $161.20 on Wednesday. Expeditors International of Washington, Inc. has a fifty-two week low of $109.90 and a fifty-two week high of $167.19. The firm has a market capitalization of $21.08 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The stock’s 50-day simple moving average is $148.79 and its 200-day simple moving average is $150.10.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. On average, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Wall Street Analyst Weigh In

EXPD has been the subject of several research reports. UBS Group boosted their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Truist Financial decreased their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Company 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.