Y Intercept Hong Kong Ltd Purchases Shares of 48,124 Expeditors International of Washington, Inc. $EXPD

Y Intercept Hong Kong Ltd purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 1st quarter, Holdings Channel.com reports. The fund purchased 48,124 shares of the transportation company’s stock, valued at approximately $6,893,000.

A number of other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management acquired a new stake in shares of Expeditors International of Washington in the third quarter worth $1,041,000. Exchange Traded Concepts LLC boosted its position in Expeditors International of Washington by 40.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock worth $10,807,000 after purchasing an additional 20,755 shares during the period. Brendel Financial Advisors LLC purchased a new stake in Expeditors International of Washington during the 4th quarter worth $4,213,000. Natixis Advisors LLC increased its holdings in Expeditors International of Washington by 3.8% in the 3rd quarter. Natixis Advisors LLC now owns 612,576 shares of the transportation company’s stock valued at $75,096,000 after purchasing an additional 22,356 shares in the last quarter. Finally, Arjuna Capital raised its position in Expeditors International of Washington by 37.0% in the fourth quarter. Arjuna Capital now owns 23,940 shares of the transportation company’s stock valued at $3,567,000 after purchasing an additional 6,471 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.1%

Shares of NASDAQ EXPD opened at $167.43 on Friday. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $168.52. The business has a 50 day moving average price of $158.65 and a two-hundred day moving average price of $153.57. The firm has a market cap of $21.90 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

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

Expeditors International of Washington Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid 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 payout ratio is 26.21%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXPD shares. 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 target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Zacks Research raised Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Susquehanna upped their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Barclays increased their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.44.

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.