Pacer Advisors Inc. Sells 91,415 Shares of Expeditors International of Washington, Inc. $EXPD

Pacer Advisors Inc. trimmed its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 20.2% in the 4th quarter, Holdings Channel reports. The firm owned 361,678 shares of the transportation company’s stock after selling 91,415 shares during the quarter. Pacer Advisors Inc.’s holdings in Expeditors International of Washington were worth $53,894,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EXPD. Picton Mahoney Asset Management purchased a new stake in shares of Expeditors International of Washington in the third quarter worth $1,041,000. Exchange Traded Concepts LLC grew its position in Expeditors International of Washington by 40.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock worth $10,807,000 after buying an additional 20,755 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its stake in Expeditors International of Washington by 12.7% in the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 80,232 shares of the transportation company’s stock worth $9,836,000 after acquiring an additional 9,019 shares during the last quarter. Camrose Capital Investment Partners LLP increased its stake in Expeditors International of Washington by 6.4% in the 3rd quarter. Camrose Capital Investment Partners LLP now owns 348,433 shares of the transportation company’s stock worth $42,714,000 after acquiring an additional 21,100 shares during the last quarter. Finally, Brendel Financial Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the 4th quarter valued at about $4,213,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.0%

Expeditors International of Washington stock opened at $161.29 on Friday. The firm has a fifty day simple moving average of $155.24 and a two-hundred day simple moving average of $152.60. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52. The company has a market capitalization of $21.09 billion, a PE ratio of 28.20, a P/E/G ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last released 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%.During the same period in the prior year, the company earned $1.47 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts expect 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 business also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.81 dividend. The ex-dividend date was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXPD shares. Truist Financial dropped their price target 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. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna lifted their target price 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. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, UBS Group boosted their price target on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. One equities 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 company. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target 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.