Corient Private Wealth LLC Buys 20,413 Shares of Expeditors International of Washington, Inc. $EXPD

Corient Private Wealth LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 61.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,455 shares of the transportation company’s stock after purchasing an additional 20,413 shares during the period. Corient Private Wealth LLC’s holdings in Expeditors International of Washington were worth $7,967,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EXPD. Auto Owners Insurance Co lifted its stake in Expeditors International of Washington by 14,801.0% in the 4th quarter. Auto Owners Insurance Co now owns 610,196 shares of the transportation company’s stock worth $9,092,000 after purchasing an additional 606,101 shares in the last quarter. Pure Financial Advisors LLC grew its position in shares of Expeditors International of Washington by 5.7% during the 4th quarter. Pure Financial Advisors LLC now owns 3,474 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 188 shares in the last quarter. Midway Capital Research & Management bought a new position in shares of Expeditors International of Washington in the fourth quarter worth $2,432,000. MidFirst Bank bought a new position in shares of Expeditors International of Washington in the fourth quarter worth $149,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $274,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 0.9%

Shares of NASDAQ:EXPD opened at $159.94 on Thursday. The stock has a market cap of $20.92 billion, a PE ratio of 27.96, a PEG ratio of 5.00 and a beta of 1.05. The company’s fifty day moving average is $156.31 and its 200 day moving average is $152.92. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping 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%. During the same period in the prior year, the firm earned $1.47 earnings per share. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EXPD shares. Truist Financial dropped their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. UBS Group raised their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Susquehanna lifted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.