Expeditors International of Washington, Inc. $EXPD Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 490,415 shares of the transportation company’s stock after selling 35,419 shares during the period. Madison Asset Management LLC’s holdings in Expeditors International of Washington were worth $70,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in Expeditors International of Washington in the 4th quarter valued at about $28,000. DV Equities LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington in the fourth quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $177.12 on Tuesday. Expeditors International of Washington, Inc. has a 12 month low of $110.48 and a 12 month high of $183.52. The company has a fifty day moving average price of $163.70 and a two-hundred day moving average price of $155.32. The company has a market cap of $23.17 billion, a PE ratio of 30.97, a P/E/G ratio of 5.00 and a beta of 1.04.

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 (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 period in the prior year, the company posted $1.47 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Equities research 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 firm also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Analyst Upgrades and Downgrades

EXPD has been the topic of several analyst reports. Stifel Nicolaus lifted their price objective on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. UBS Group increased their target price on Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Truist Financial raised their price target on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $148.56.

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.