Expeditors International of Washington, Inc. $EXPD Position Lowered by Compass Capital Management Inc.

Compass Capital Management Inc. reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 442,961 shares of the transportation company’s stock after selling 53,226 shares during the period. Expeditors International of Washington makes up 3.7% of Compass Capital Management Inc.’s holdings, making the stock its 8th biggest holding. Compass Capital Management Inc.’s holdings in Expeditors International of Washington were worth $66,006,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its holdings in shares of Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after buying an additional 377,703 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Expeditors International of Washington by 0.5% during 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 buying an additional 32,063 shares during the period. Marshfield Associates raised its holdings in shares of Expeditors International of Washington by 4.6% during the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after buying an additional 86,182 shares during the period. Wellington Management Group LLP raised its holdings in shares of Expeditors International of Washington by 64.1% during 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 buying an additional 749,993 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $231,432,000 after buying an additional 1,661,457 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 1.1%

Shares of EXPD opened at $166.46 on Friday. The firm has a market cap of $21.77 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 5.00 and a beta of 1.05. The stock has a 50 day moving average of $153.15 and a 200-day moving average of $151.96. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.21.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $1.47 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts predict 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 firm also recently announced 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. The ex-dividend date of this dividend is Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Truist Financial dropped their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. UBS Group lifted their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Susquehanna lifted their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Expeditors International of Washington has an average rating of “Hold” and an average price target of $137.30.

About Expeditors International of Washington

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.