Keel Point LLC Cuts Stock Holdings in Expeditors International of Washington, Inc. $EXPD

Keel Point LLC lowered its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 27.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 23,225 shares of the transportation company’s stock after selling 8,714 shares during the quarter. Keel Point LLC’s holdings in Expeditors International of Washington were worth $3,326,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Grp LLC lifted its position in Expeditors International of Washington by 9.8% in the 1st quarter. Wellington Grp LLC now owns 6,404 shares of the transportation company’s stock valued at $917,000 after acquiring an additional 569 shares in the last quarter. Edgestream Partners L.P. increased its holdings in shares of Expeditors International of Washington by 348.8% in the 1st quarter. Edgestream Partners L.P. now owns 14,371 shares of the transportation company’s stock worth $2,058,000 after purchasing an additional 11,169 shares in the last quarter. Kentucky Retirement Systems increased its holdings in shares of Expeditors International of Washington by 97.2% in the 1st quarter. Kentucky Retirement Systems now owns 16,973 shares of the transportation company’s stock worth $2,431,000 after purchasing an additional 8,367 shares in the last quarter. Strategic Investment Advisors MI raised its stake in shares of Expeditors International of Washington by 9.4% in the first quarter. Strategic Investment Advisors MI now owns 7,553 shares of the transportation company’s stock worth $1,082,000 after purchasing an additional 647 shares during the last quarter. Finally, Amundi raised its stake in shares of Expeditors International of Washington by 41.4% in the first quarter. Amundi now owns 1,384,347 shares of the transportation company’s stock worth $198,280,000 after purchasing an additional 405,129 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on EXPD shares. Truist Financial increased their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th. Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays upped their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Citizens Jmp began coverage on shares of Expeditors International of Washington in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Susquehanna lifted their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.78.

Expeditors International of Washington Price Performance

NASDAQ EXPD opened at $167.78 on Friday. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $183.52. The business’s fifty day moving average price is $166.66 and its 200-day moving average price is $156.47.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.47 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

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

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.