First Eagle Investment Management LLC Has $940.60 Million Stake in Expeditors International of Washington, Inc. $EXPD

First Eagle Investment Management LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,312,305 shares of the transportation company’s stock after purchasing an additional 32,063 shares during the quarter. Expeditors International of Washington makes up about 1.7% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 21st biggest holding. First Eagle Investment Management LLC’s holdings in Expeditors International of Washington were worth $940,597,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Expeditors International of Washington by 733.9% during 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 purchasing an additional 1,661,457 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Expeditors International of Washington during the third quarter worth $113,194,000. Wellington Management Group LLP boosted its holdings in 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 purchasing an additional 749,993 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in Expeditors International of Washington during the fourth quarter worth $65,957,000. Finally, Caisse de depot et placement du Quebec boosted its holdings in Expeditors International of Washington by 59.4% during the third quarter. Caisse de depot et placement du Quebec now owns 1,070,975 shares of the transportation company’s stock worth $131,291,000 after purchasing an additional 399,250 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.7%

NASDAQ EXPD opened at $155.64 on Tuesday. The firm’s fifty day moving average price is $146.06 and its two-hundred day moving average price is $147.44. Expeditors International of Washington, Inc. has a 1 year low of $109.90 and a 1 year high of $167.19. The firm has a market capitalization of $20.36 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) 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%. 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. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date of this dividend is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EXPD shares. Susquehanna increased their target price on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Barclays increased their target price on shares of Expeditors International of Washington from $110.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, January 15th. Truist Financial reduced their target price on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.