Expeditors International of Washington, Inc. $EXPD Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,488,359 shares of the transportation company’s stock after selling 11,752 shares during the quarter. Royal Bank of Canada’s holdings in Expeditors International of Washington were worth $213,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Expeditors International of Washington by 733.9% in 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 purchasing an additional 1,661,457 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in shares of Expeditors International of Washington during the fourth quarter worth $201,164,000. Norges Bank purchased a new position in Expeditors International of Washington in the fourth quarter valued at $180,719,000. Balyasny Asset Management L.P. acquired a new stake in Expeditors International of Washington in the third quarter valued at $113,194,000. Finally, Wellington Management Group LLP raised its stake in Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after buying an additional 749,993 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Trading Down 0.6%

Shares of NASDAQ EXPD opened at $170.31 on Thursday. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $183.52. The stock has a 50 day moving average of $166.28 and a two-hundred day moving average of $156.34. The stock has a market cap of $22.28 billion, a P/E ratio of 29.77, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping 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%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. As a group, research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm 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 was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is currently 26.21%.

Analyst Upgrades and Downgrades

EXPD has been the subject of several analyst reports. Truist Financial upped their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Bank of America raised their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus boosted their price objective on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $153.78.

About Expeditors International of Washington

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.