Swiss National Bank Boosts Stake in Expeditors International of Washington, Inc. $EXPD

Swiss National Bank grew its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 393,300 shares of the transportation company’s stock after buying an additional 21,300 shares during the quarter. Swiss National Bank’s holdings in Expeditors International of Washington were worth $56,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $28,000. DV Equities LLC bought a new stake in Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new position in Expeditors International of Washington in the fourth quarter worth $30,000. Bard Associates Inc. purchased a new position in Expeditors International of Washington in the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. grew its stake in 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 valued at $34,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays raised their target price on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. UBS Group increased their price target on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Susquehanna raised their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted 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. Finally, Stephens upgraded shares of Expeditors International of Washington to a “strong-buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $153.78.

Expeditors International of Washington Price Performance

Shares of EXPD opened at $178.26 on Wednesday. The firm has a market cap of $23.32 billion, a PE ratio of 31.17, a PEG ratio of 5.00 and a beta of 1.04. The stock’s fifty day moving average price is $164.18 and its two-hundred day moving average price is $155.53. Expeditors International of Washington, Inc. has a 1 year low of $110.48 and a 1 year high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share 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 prior year, the business posted $1.47 earnings per share. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate 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 firm also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.81 per share. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 26.21%.

Expeditors International of Washington Company 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.