Leuthold Group LLC Makes New $4.85 Million Investment in Expeditors International of Washington, Inc. $EXPD

Leuthold Group LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 32,545 shares of the transportation company’s stock, valued at approximately $4,850,000.

Other large investors also recently bought and sold shares of the company. Community Bank N.A. purchased a new stake in Expeditors International of Washington during the 3rd quarter worth approximately $34,000. Geneos Wealth Management Inc. increased its stake in Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Oakworth Capital Inc. increased its stake in Expeditors International of Washington by 1,723.1% during the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock worth $35,000 after buying an additional 224 shares in the last quarter. eCIO Inc. purchased a new stake in Expeditors International of Washington during the 4th quarter worth approximately $37,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Expeditors International of Washington by 63.6% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 360 shares of the transportation company’s stock worth $44,000 after buying an additional 140 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Up 1.3%

NASDAQ:EXPD opened at $155.53 on Friday. The stock’s fifty day moving average is $146.74 and its two-hundred day moving average is $148.26. Expeditors International of Washington, Inc. has a 52 week low of $109.90 and a 52 week high of $167.19. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results 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 return on equity of 36.16% and a net margin of 7.64%.During the same quarter in the previous year, the business earned $1.47 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect 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 declared a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.81 per share. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EXPD shares. JPMorgan Chase & Co. upped their price target 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. Susquehanna upped their price target on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial dropped their price target on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, February 25th. UBS Group upped their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. 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 company. Based on data from MarketBeat, the stock presently has an average 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.