Cvfg LLC Makes New $2.42 Million Investment in Expeditors International of Washington, Inc. $EXPD

Cvfg LLC bought a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,881 shares of the transportation company’s stock, valued at approximately $2,418,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp boosted its holdings in Expeditors International of Washington by 5.2% in the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after buying an additional 377,703 shares during the period. First Eagle Investment Management LLC raised its holdings in Expeditors International of Washington by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after acquiring an additional 32,063 shares during the period. Marshfield Associates raised its holdings in Expeditors International of Washington by 4.6% during the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after acquiring an additional 86,182 shares during the period. Wellington Management Group LLP lifted its position in shares of Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after acquiring an additional 749,993 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Expeditors International of Washington by 733.9% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after acquiring an additional 1,661,457 shares during the period. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.0%

NASDAQ:EXPD opened at $165.63 on Wednesday. The stock has a market cap of $21.66 billion, a P/E ratio of 28.96, a PEG ratio of 5.00 and a beta of 1.04. The business’s 50-day moving average price is $159.33 and its two-hundred day moving average price is $153.81. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52.

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 revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 earnings per share. On average, equities research 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 business also recently declared a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent research reports. UBS Group increased their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Barclays upped their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Susquehanna raised their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. 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 note on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $140.44.

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.