MV Capital Management Inc. Purchases New Stake in Expeditors International of Washington, Inc. $EXPD

MV Capital Management Inc. purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 21,114 shares of the transportation company’s stock, valued at approximately $3,146,000.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its stake in shares of Expeditors International of Washington by 2.1% in the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after acquiring an additional 71 shares during the period. RIA Advisory Group LLC boosted its position in Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock worth $364,000 after purchasing an additional 78 shares during the period. Rossby Financial LCC boosted its position in Expeditors International of Washington by 9.3% during the 4th quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock worth $140,000 after purchasing an additional 80 shares during the period. Claro Advisors Inc. increased its holdings in 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 in the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in Expeditors International of Washington by 1.8% in 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. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $161.29 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The firm’s fifty day moving average price is $154.95 and its 200 day moving average price is $152.54.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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 net margin of 7.64% and a return on equity of 36.16%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on EXPD shares. Truist Financial reduced their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. UBS Group increased their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of “Hold” and a consensus 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.