Fideuram Asset Management Ireland dac Invests $2.15 Million in Expeditors International of Washington, Inc. $EXPD

Fideuram Asset Management Ireland dac purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,441 shares of the transportation company’s stock, valued at approximately $2,152,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Pension Service raised its stake in shares of Expeditors International of Washington by 68.9% in the 4th quarter. National Pension Service now owns 67,537 shares of the transportation company’s stock valued at $10,064,000 after acquiring an additional 27,551 shares during the period. Basepoint Wealth LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $46,000. Northwestern Mutual Wealth Management Co. grew its holdings in Expeditors International of Washington by 20.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,949 shares of the transportation company’s stock worth $588,000 after acquiring an additional 661 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in Expeditors International of Washington during the 4th quarter worth approximately $250,000. Finally, Allstate Corp grew its holdings in Expeditors International of Washington by 152.6% during the 4th quarter. Allstate Corp now owns 9,611 shares of the transportation company’s stock worth $1,432,000 after acquiring an additional 5,806 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. 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. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. UBS Group boosted their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Truist Financial lowered their target price on shares of 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. 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $158.44 on Friday. The stock has a market cap of $20.72 billion, a P/E ratio of 27.70, a P/E/G ratio of 5.00 and a beta of 1.04. The firm has a fifty day moving average price of $149.77 and a 200 day moving average price of $150.50. Expeditors International of Washington, Inc. has a 1-year low of $109.90 and a 1-year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 earnings per share. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm 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. The ex-dividend date is Monday, June 1st. This represents a yield of 106.0%. Expeditors International of Washington’s dividend payout ratio is currently 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.