Inspire Investing LLC Grows Stake in Expeditors International of Washington, Inc. $EXPD

Inspire Investing LLC lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 679.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,523 shares of the transportation company’s stock after buying an additional 17,017 shares during the period. Inspire Investing LLC’s holdings in Expeditors International of Washington were worth $2,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Signaturefd LLC lifted its position in Expeditors International of Washington by 2.1% during the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 71 shares in the last quarter. RIA Advisory Group LLC lifted its position in Expeditors International of Washington by 2.7% during the third quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after purchasing an additional 78 shares in the last quarter. Rossby Financial LCC lifted its position in Expeditors International of Washington by 9.3% during the fourth quarter. Rossby Financial LCC now owns 938 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 80 shares in the last quarter. Claro Advisors Inc. lifted its position in Expeditors International of Washington by 5.0% during the fourth quarter. Claro Advisors Inc. now owns 1,743 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 83 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in Expeditors International of Washington by 1.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after purchasing an additional 95 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 2.0%

NASDAQ EXPD opened at $160.67 on Thursday. The firm has a market cap of $21.01 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The business has a 50-day moving average price of $154.62 and a 200-day moving average price of $152.44. 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 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 return on equity of 36.16% and a net margin of 7.64%.During the same period in the previous year, the business earned $1.47 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Research analysts expect 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 announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s payout ratio is 26.21%.

Analysts Set New Price Targets

EXPD has been the topic of several analyst reports. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price 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 lifted their target price on 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. Finally, Truist Financial lowered their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.