Quantinno Capital Management LP Purchases 46,946 Shares of Expeditors International of Washington, Inc. $EXPD

Quantinno Capital Management LP boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 29.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,762 shares of the transportation company’s stock after purchasing an additional 46,946 shares during the quarter. Quantinno Capital Management LP’s holdings in Expeditors International of Washington were worth $29,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at $28,000. DV Equities LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new stake in shares of Expeditors International of Washington in the 4th 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 acquiring an additional 131 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

EXPD opened at $167.78 on Friday. The company’s 50-day moving average is $166.66 and its 200 day moving average is $156.47. Expeditors International of Washington, Inc. has a fifty-two week low of $110.48 and a fifty-two week high of $183.52. The firm has a market capitalization of $21.94 billion, a P/E ratio of 29.33, a PEG ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last released 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 net margin of 7.64% and a return on equity of 36.16%. During the same quarter in the previous year, the firm earned $1.47 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.81 dividend. This represents a dividend yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of analyst reports. Citizens Jmp began coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Truist Financial increased their price objective on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 15th. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America lifted their target price on Expeditors International of Washington from $181.00 to $189.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Barclays upped their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $153.78.

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.