Legal & General Group Plc Decreases Stock Position in Expeditors International of Washington, Inc. $EXPD

Legal & General Group Plc lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 842,641 shares of the transportation company’s stock after selling 297,797 shares during the period. Legal & General Group Plc’s holdings in Expeditors International of Washington were worth $125,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Expeditors International of Washington by 2.1% in the fourth quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 71 shares during the last quarter. RIA Advisory Group LLC boosted its stake in shares of Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after buying an additional 78 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after buying an additional 84 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after buying an additional 95 shares during the last quarter. Finally, Hardy Reed LLC boosted its stake in shares of Expeditors International of Washington by 2.8% during the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $158.91 on Friday. The business’s fifty day moving average price is $149.49 and its 200 day moving average price is $150.44. Expeditors International of Washington, Inc. has a 12-month low of $109.90 and a 12-month high of $167.19. The stock has a market capitalization of $20.78 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

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

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.81 per share. The ex-dividend date is Monday, June 1st. This represents a yield of 106.0%. Expeditors International of Washington’s dividend payout ratio (DPR) is 26.21%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXPD. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Susquehanna increased their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group increased their target price on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note 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 issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.