SEB Asset Management AB Invests $4.95 Million in Expeditors International of Washington, Inc. $EXPD

SEB Asset Management AB purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 1st quarter, Holdings Channel reports. The fund purchased 34,572 shares of the transportation company’s stock, valued at approximately $4,952,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its position in Expeditors International of Washington by 5.2% in the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after purchasing an additional 377,703 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Expeditors International of Washington by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock valued at $940,597,000 after purchasing an additional 32,063 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 worth $231,432,000 after buying an additional 1,661,457 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Expeditors International of Washington by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,484,798 shares of the transportation company’s stock worth $221,262,000 after buying an additional 33,435 shares during the period. Institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note 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 note on Thursday, May 7th. Truist Financial lifted their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Citizens Jmp assumed coverage on shares of Expeditors International of Washington in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Stephens raised Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $153.78.

Expeditors International of Washington Trading Down 0.5%

Expeditors International of Washington stock opened at $177.74 on Thursday. The firm has a market capitalization of $23.25 billion, a P/E ratio of 31.07, a PEG ratio of 5.00 and a beta of 1.04. The business has a 50-day moving average of $164.62 and a 200-day moving average of $155.73. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $183.52.

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

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington Company 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.