Fifth Third Bancorp Grows Position in Expeditors International of Washington, Inc. $EXPD

Fifth Third Bancorp raised its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 388.5% during the first quarter, Holdings Channel reports. The firm owned 34,250 shares of the transportation company’s stock after purchasing an additional 27,239 shares during the period. Fifth Third Bancorp’s holdings in Expeditors International of Washington were worth $4,906,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EXPD. Elyxium Wealth LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth $28,000. DV Equities LLC purchased a new stake in Expeditors International of Washington during the fourth quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new stake in Expeditors International of Washington during the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Expeditors International of Washington by 132.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Trading Up 0.5%

Expeditors International of Washington stock opened at $182.88 on Friday. The stock has a 50 day moving average of $163.27 and a 200-day moving average of $155.10. The stock has a market cap of $23.92 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $183.52.

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

Expeditors International of Washington Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXPD. Stifel Nicolaus boosted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday. Susquehanna lifted their price target on shares of 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. Barclays increased their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $148.56.

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.