Assetmark Inc. Has $53.66 Million Stake in Expeditors International of Washington, Inc. $EXPD

Assetmark Inc. raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.4% during the 1st quarter, HoldingsChannel reports. The fund owned 374,665 shares of the transportation company’s stock after buying an additional 12,417 shares during the quarter. Assetmark Inc.’s holdings in Expeditors International of Washington were worth $53,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $30,000. Bard Associates Inc. bought a new stake in Expeditors International of Washington in the 4th quarter valued at $32,000. Finally, Geneos Wealth Management Inc. raised 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 valued at $34,000 after acquiring an additional 131 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted 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. UBS Group upped their target price on Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Barclays increased their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Truist Financial boosted their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $148.56.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD opened at $182.88 on Friday. The stock has a market capitalization of $23.92 billion, a P/E ratio of 31.97, a PEG ratio of 5.00 and a beta of 1.04. The stock’s fifty day moving average is $163.27 and its 200 day moving average is $155.10. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data 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 net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the business earned $1.47 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.81 per share. The ex-dividend date was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

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.