Prudential PLC Sells 3,213 Shares of Expeditors International of Washington, Inc. $EXPD

Prudential PLC trimmed its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 61,984 shares of the transportation company’s stock after selling 3,213 shares during the quarter. Prudential PLC’s holdings in Expeditors International of Washington were worth $9,236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Expeditors International of Washington by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after acquiring an additional 623 shares during the period. Jones Financial Companies Lllp lifted its holdings in Expeditors International of Washington by 75.4% in the first quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 999 shares during the period. Woodline Partners LP lifted its holdings in Expeditors International of Washington by 40.7% in the first quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after acquiring an additional 3,420 shares during the period. Focus Partners Wealth lifted its holdings in Expeditors International of Washington by 33.9% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after acquiring an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Expeditors International of Washington by 29.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 255 shares during the period. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

EXPD has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. UBS Group increased their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. 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 report on Wednesday, February 25th. Finally, Wolfe Research raised Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One investment analyst has 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. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Stock Up 0.2%

NASDAQ EXPD opened at $160.41 on Friday. The stock’s 50-day moving average price is $151.33 and its 200-day moving average price is $151.20. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $167.19. The company has a market capitalization of $20.98 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted 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. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.

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.