Midway Capital Research & Management Buys New Position in Expeditors International of Washington, Inc. $EXPD

Midway Capital Research & Management acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,321 shares of the transportation company’s stock, valued at approximately $2,432,000. Expeditors International of Washington comprises 2.4% of Midway Capital Research & Management’s holdings, making the stock its 16th largest position.

Other large investors have also modified their holdings of the company. Signaturefd LLC boosted its holdings 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 purchasing an additional 71 shares during the last quarter. RIA Advisory Group LLC grew its stake 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 valued at $364,000 after purchasing an additional 78 shares in the last quarter. Rossby Financial LCC lifted its position in shares of Expeditors International of Washington by 9.3% during the fourth 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 last quarter. Claro Advisors Inc. lifted its stake in Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock worth $260,000 after purchasing an additional 83 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in Expeditors International of Washington by 1.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock worth $806,000 after acquiring an additional 95 shares during the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $161.29 on Friday. The stock has a market capitalization of $21.09 billion, a PE ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05. The stock’s fifty day moving average is $155.24 and its 200-day moving average is $152.60. 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 data 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%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. As a group, analysts forecast 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 firm also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is currently 26.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Truist Financial decreased their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. UBS Group boosted 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. Susquehanna upped their price target on 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. Finally, JPMorgan Chase & Co. lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Company 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.