Meadowbrook Advisors Group LLC Takes Position in Expeditors International of Washington, Inc. $EXPD

Meadowbrook Advisors Group LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, HoldingsChannel reports. The fund purchased 8,859 shares of the transportation company’s stock, valued at approximately $1,320,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 acquiring an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP purchased a new position in Expeditors International of Washington in the 4th quarter worth approximately $201,164,000. Norges Bank acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $180,719,000. Balyasny Asset Management L.P. acquired a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $113,194,000. Finally, Wellington Management Group LLP grew its position in shares of 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 purchasing an additional 749,993 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $161.29 on Friday. The firm has a 50 day simple moving average of $155.24 and a 200-day simple moving average of $152.60. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly 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%. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. 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 Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Susquehanna upped their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Truist Financial cut their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. Finally, UBS Group lifted their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.