Marshall & Sullivan Inc. WA purchased a new stake in Expeditors International (NASDAQ:EXPD) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,162 shares of the transportation company’s stock, valued at approximately $453,000.
A number of other hedge funds have also modified their holdings of the business. PrairieView Partners LLC purchased a new stake in shares of Expeditors International during the 1st quarter worth $315,000. Saratoga Research & Investment Management lifted its position in shares of Expeditors International by 3.1% during the 1st quarter. Saratoga Research & Investment Management now owns 721,159 shares of the transportation company’s stock worth $45,649,000 after purchasing an additional 21,809 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Expeditors International during the 1st quarter worth $468,000. Commerzbank Aktiengesellschaft FI lifted its position in shares of Expeditors International by 36.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 11,080 shares of the transportation company’s stock worth $701,000 after purchasing an additional 2,939 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its position in shares of Expeditors International by 45.3% during the 1st quarter. Dupont Capital Management Corp now owns 15,645 shares of the transportation company’s stock worth $990,000 after purchasing an additional 4,874 shares during the last quarter. 92.49% of the stock is owned by institutional investors.
In other Expeditors International news, VP Christopher J. Mcclincy sold 2,781 shares of Expeditors International stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $64.81, for a total value of $180,236.61. Following the transaction, the vice president now directly owns 16,500 shares in the company, valued at $1,069,365. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher J. Mcclincy sold 2,437 shares of Expeditors International stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $72.11, for a total transaction of $175,732.07. Following the completion of the transaction, the vice president now owns 16,754 shares in the company, valued at $1,208,130.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,894 shares of company stock worth $1,959,967. 0.99% of the stock is currently owned by company insiders.
Shares of EXPD opened at $71.94 on Friday. Expeditors International has a 1-year low of $71.82 and a 1-year high of $72.36. The firm has a market capitalization of $12.56 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.93 and a beta of 0.70.
Expeditors International (NASDAQ:EXPD) last announced its quarterly earnings results on Tuesday, May 8th. The transportation company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Expeditors International had a net margin of 7.36% and a return on equity of 24.84%. Expeditors International’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. equities analysts predict that Expeditors International will post 3.07 EPS for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a $0.45 dividend. The ex-dividend date is Thursday, May 31st. This is a positive change from Expeditors International’s previous Semi-Annual dividend of $0.42. This represents a yield of 1.26%. Expeditors International’s payout ratio is currently 33.87%.
EXPD has been the subject of several recent analyst reports. Credit Suisse Group lifted their price objective on shares of Expeditors International from $63.00 to $67.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised shares of Expeditors International from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Friday, January 19th. ValuEngine raised shares of Expeditors International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus lifted their price objective on shares of Expeditors International from $65.00 to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, May 9th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $55.00 price target (up from $51.00) on shares of Expeditors International in a research report on Monday, February 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $65.63.
Expeditors International Profile
Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.
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