SG Americas Securities LLC Buys 190,832 Shares of Expeditors International of Washington, Inc. $EXPD

SG Americas Securities LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 837.2% during the first quarter, Holdings Channel reports. The firm owned 213,627 shares of the transportation company’s stock after purchasing an additional 190,832 shares during the period. SG Americas Securities LLC’s holdings in Expeditors International of Washington were worth $30,598,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after buying an additional 71 shares during the period. RIA Advisory Group LLC raised its position in shares of Expeditors International of Washington by 2.7% in the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after acquiring an additional 78 shares in the last quarter. Rossby Financial LCC lifted its stake in shares of Expeditors International of Washington by 9.3% in the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares during the period. Claro Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 5.0% in the 4th quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its position in shares of Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPD. Truist Financial lowered their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Susquehanna lifted 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 research note on Wednesday, May 6th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, UBS Group increased their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Stock Performance

Shares of EXPD opened at $161.26 on Wednesday. The firm has a market capitalization of $21.09 billion, a P/E ratio of 28.19, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52. The stock has a 50 day moving average price of $155.98 and a two-hundred day moving average price of $152.86.

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 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%.During the same period last year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

About Expeditors International of Washington

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.