Sterling Capital Management LLC Sells 3,484 Shares of Expeditors International of Washington, Inc. $EXPD

Sterling Capital Management LLC lessened its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 19.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,163 shares of the transportation company’s stock after selling 3,484 shares during the period. Sterling Capital Management LLC’s holdings in Expeditors International of Washington were worth $2,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ground Swell Capital LLC acquired a new stake in Expeditors International of Washington during the 1st quarter worth about $264,000. GHP Investment Advisors Inc. lifted its stake in shares of Expeditors International of Washington by 3.6% in the 1st quarter. GHP Investment Advisors Inc. now owns 102,038 shares of the transportation company’s stock valued at $14,615,000 after purchasing an additional 3,526 shares during the period. Aaron Wealth Advisors LLC boosted its position in shares of Expeditors International of Washington by 4.2% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,478 shares of the transportation company’s stock valued at $355,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Expeditors International of Washington during the first quarter worth approximately $974,000. Finally, Contravisory Investment Management Inc. grew its stake in Expeditors International of Washington by 1.5% during the first quarter. Contravisory Investment Management Inc. now owns 7,394 shares of the transportation company’s stock worth $1,059,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of NASDAQ EXPD opened at $160.66 on Monday. The company has a 50-day moving average price of $156.97 and a 200-day moving average price of $153.08. The stock has a market capitalization of $21.01 billion, a P/E ratio of 28.09, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly 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%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 EPS. As a group, equities research analysts anticipate 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 business also recently announced a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

Analysts Set New Price Targets

A number of research firms have commented on EXPD. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. increased 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. Susquehanna raised their target price on 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. Barclays boosted their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday. 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 given a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $138.80.

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.