Expeditors International of Washington, Inc. $EXPD Shares Sold by Weybosset Research & Management LLC

Weybosset Research & Management LLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 50.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,985 shares of the transportation company’s stock after selling 22,096 shares during the quarter. Expeditors International of Washington comprises approximately 0.9% of Weybosset Research & Management LLC’s portfolio, making the stock its 23rd biggest holding. Weybosset Research & Management LLC’s holdings in Expeditors International of Washington were worth $3,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington during the 4th quarter worth about $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $30,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington during the 4th quarter worth about $32,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EXPD. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research 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 research report on Thursday, May 7th. UBS Group lifted their target price on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Susquehanna boosted their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Truist Financial reduced their price target 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. One research analyst has rated the stock with a Strong Buy rating, two have issued 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 an average rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Price Performance

EXPD opened at $161.29 on Monday. The stock 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 business has a 50-day moving average of $155.24 and a two-hundred day moving average of $152.65. Expeditors International of Washington, Inc. has a 12 month low of $110.48 and a 12 month 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 EPS 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 business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently declared 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 yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is 26.21%.

About Expeditors International of Washington

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.