Eurizon Capital SGR S.p.A. Buys New Stake in Expeditors International of Washington, Inc. $EXPD

Eurizon Capital SGR S.p.A. acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 214,751 shares of the transportation company’s stock, valued at approximately $32,004,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new position in Expeditors International of Washington in the fourth quarter valued at $2,152,000. National Pension Service increased its holdings in Expeditors International of Washington by 68.9% in the fourth quarter. National Pension Service now owns 67,537 shares of the transportation company’s stock valued at $10,064,000 after buying an additional 27,551 shares in the last quarter. Basepoint Wealth LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at $46,000. Northwestern Mutual Wealth Management Co. increased its holdings in Expeditors International of Washington by 20.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,949 shares of the transportation company’s stock valued at $588,000 after buying an additional 661 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at $250,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on EXPD shares. JPMorgan Chase & Co. lifted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Susquehanna lifted their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. UBS Group lifted their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. One equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $137.30.

Expeditors International of Washington Stock Down 0.3%

EXPD stock opened at $158.44 on Friday. The stock has a market capitalization of $20.72 billion, a P/E ratio of 27.70, a P/E/G ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52 week low of $109.90 and a 52 week high of $167.19. The firm has a 50-day simple moving average of $149.77 and a 200-day simple moving average of $150.50.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. On average, analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 15th. Investors 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 yield of 106.0%. Expeditors International of Washington’s payout ratio is presently 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.