Expeditors International of Washington, Inc. $EXPD Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,351 shares of the transportation company’s stock after acquiring an additional 25,699 shares during the period. Illinois Municipal Retirement Fund owned 0.10% of Expeditors International of Washington worth $19,722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Expeditors International of Washington by 733.9% during 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 purchasing an additional 1,661,457 shares during the period. Norges Bank acquired a new position in shares of Expeditors International of Washington during the fourth quarter valued at $180,719,000. Balyasny Asset Management L.P. bought a new position in shares of Expeditors International of Washington during the third quarter worth about $113,194,000. Wellington Management Group LLP grew its position in shares of Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after acquiring an additional 749,993 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Expeditors International of Washington in the 4th quarter worth about $65,957,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Down 1.2%

Shares of NASDAQ:EXPD opened at $164.31 on Thursday. The company has a 50 day moving average of $152.69 and a 200-day moving average of $151.79. The firm has a market cap of $21.49 billion, a P/E ratio of 28.73, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last released its 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 return on equity of 36.16% and a net margin of 7.64%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 EPS. Equities research analysts forecast 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 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 of this dividend is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is 26.21%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of a number of analyst reports. Truist Financial reduced their target price on shares of 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. Susquehanna raised their price target on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group boosted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington currently 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.