Erste Asset Management GmbH Makes New Investment in Expeditors International of Washington, Inc. $EXPD

Erste Asset Management GmbH purchased a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,479 shares of the transportation company’s stock, valued at approximately $526,000.

A number of other large investors also recently added to or reduced their stakes in EXPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Expeditors International of Washington by 733.9% during the third 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 purchasing an additional 1,661,457 shares in the last quarter. Norges Bank acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $180,719,000. Balyasny Asset Management L.P. acquired a new stake in shares of Expeditors International of Washington in the third quarter valued at $113,194,000. Wellington Management Group LLP raised its stake in shares of Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after acquiring an additional 749,993 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Expeditors International of Washington in the fourth quarter valued at $65,957,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EXPD shares. JPMorgan Chase & Co. increased their price objective 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. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group increased their price objective 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. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Susquehanna increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of “Hold” and an average price target of $137.30.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $164.31 on Thursday. The business’s fifty day moving average price is $152.69 and its 200 day moving average price is $151.79. The firm has a market capitalization of $21.49 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 12 month low of $110.48 and a 12 month high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last issued 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%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.47 EPS. As a group, equities analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) 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.