Expeditors International of Washington, Inc. $EXPD Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,201 shares of the transportation company’s stock after selling 10,150 shares during the period. Illinois Municipal Retirement Fund’s holdings in Expeditors International of Washington were worth $17,503,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EXPD. State Street Corp increased its position in Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after purchasing an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Expeditors International of Washington by 0.5% in 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 purchasing an additional 32,063 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Expeditors International of Washington by 733.9% during the 3rd 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 valued at $231,432,000 after buying an additional 1,661,457 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Expeditors International of Washington by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,484,798 shares of the transportation company’s stock valued at $221,262,000 after buying an additional 33,435 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Down 0.3%

NASDAQ EXPD opened at $177.63 on Thursday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $179.45. The business has a 50 day moving average price of $162.15 and a two-hundred day moving average price of $154.70. The stock has a market cap of $23.23 billion, a PE ratio of 31.05, a P/E/G ratio of 5.00 and a beta of 1.04.

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 (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%. During the same quarter last year, the company earned $1.47 EPS. Expeditors International of Washington’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid 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 payout ratio is 26.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EXPD shares. Truist Financial lifted their target price on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday. 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. Barclays raised their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Citizens Jmp initiated coverage on Expeditors International of Washington in a research note on Wednesday. They issued a “market perform” rating on the stock. Finally, Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $148.56.

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.