Meadowbrook Advisors Group LLC Makes New $1.32 Million Investment in Expeditors International of Washington, Inc. $EXPD

Meadowbrook Advisors Group LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,859 shares of the transportation company’s stock, valued at approximately $1,320,000.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock worth $1,944,000 after acquiring an additional 623 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of 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 purchasing an additional 999 shares during the period. Woodline Partners LP increased its holdings in shares of 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 purchasing an additional 3,420 shares during the period. Focus Partners Wealth raised its stake in shares of 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 worth $628,000 after purchasing an additional 1,324 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of 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 worth $127,000 after purchasing an additional 255 shares during the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Down 0.0%

Shares of NASDAQ:EXPD opened at $161.29 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $168.52. The business has a 50 day moving average of $155.24 and a two-hundred day moving average of $152.60. The company has a market capitalization of $21.09 billion, a PE ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data 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 net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the business posted $1.47 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research 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 research report on Thursday, May 7th. Truist Financial decreased their price objective 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. UBS Group upped 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, Susquehanna increased their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $137.30.

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.