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

Fortis Group Advisors LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,890 shares of the transportation company’s stock, valued at approximately $3,193,000.

Several other hedge funds have also modified their holdings of EXPD. Elyxium Wealth LLC acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $28,000. Community Bank N.A. acquired a new stake in Expeditors International of Washington in the third quarter valued at $34,000. Geneos Wealth Management Inc. raised its stake in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares in the last quarter. Oakworth Capital Inc. raised its stake in Expeditors International of Washington by 1,723.1% in the fourth quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after buying an additional 224 shares in the last quarter. Finally, eCIO Inc. acquired a new stake in Expeditors International of Washington in the fourth quarter valued at $37,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

EXPD opened at $158.47 on Thursday. The business’s 50-day simple moving average is $147.42 and its 200-day simple moving average is $149.28. Expeditors International of Washington, Inc. has a one year low of $109.90 and a one year high of $167.19. The stock has a market capitalization of $20.73 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company earned $1.47 EPS. Expeditors International of Washington’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 106.0%. Expeditors International of Washington’s payout ratio is 26.21%.

Analysts Set New Price Targets

A number of research firms have weighed in on EXPD. UBS Group raised their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Truist Financial cut their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, February 25th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. raised their price target on 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. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.