Life Cycle Investment Partners Ltd Takes $32.18 Million Position in Expeditors International of Washington, Inc. $EXPD

Life Cycle Investment Partners Ltd bought a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 215,930 shares of the transportation company’s stock, valued at approximately $32,176,000.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Expeditors International of Washington by 6.7% in the third quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock valued at $121,817,000 after acquiring an additional 62,500 shares during the last quarter. Allianz Asset Management GmbH raised its position in Expeditors International of Washington by 14.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock worth $69,316,000 after purchasing an additional 69,290 shares during the last quarter. Picton Mahoney Asset Management bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $1,041,000. Exchange Traded Concepts LLC raised its position in Expeditors International of Washington by 40.1% in 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 last quarter. Finally, Clifford Swan Investment Counsel LLC raised its position in Expeditors International of Washington by 12.7% in the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 80,232 shares of the transportation company’s stock worth $9,836,000 after purchasing an additional 9,019 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EXPD shares. JPMorgan Chase & Co. boosted their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Truist Financial dropped 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 report on Wednesday, February 25th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. UBS Group boosted their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $137.30.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $158.52 on Friday. The firm has a fifty day moving average of $148.09 and a two-hundred day moving average of $149.59. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52 week low of $109.90 and a 52 week high of $167.19.

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

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 106.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

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.