Expeditors International of Washington, Inc. $EXPD Position Increased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 132,351 shares of the transportation company’s stock after purchasing an additional 25,699 shares during the period. Illinois Municipal Retirement Fund’s holdings in Expeditors International of Washington were worth $19,722,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in EXPD. Elyxium Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. boosted its stake in Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. Oakworth Capital Inc. grew its position in Expeditors International of Washington by 1,723.1% during the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after purchasing an additional 224 shares in the last quarter. eCIO Inc. acquired a new stake in Expeditors International of Washington during the 4th quarter valued at $37,000. Finally, Community Bank N.A. acquired a new stake in Expeditors International of Washington during the 3rd quarter valued at $34,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 1.2%

EXPD opened at $164.31 on Thursday. The stock has a market cap of $21.49 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $167.19. The stock has a fifty day moving average price of $152.69 and a 200 day moving average price of $151.79.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results 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 return on equity of 36.16% and a net margin of 7.64%.During the same period last year, the company posted $1.47 EPS. The business’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side 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 company also recently disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.81 dividend. The ex-dividend date is Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXPD. UBS Group raised their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on 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. Susquehanna increased their price objective 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. Truist Financial decreased their price objective 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. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of “Hold” and a consensus target price of $137.30.

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.