Epoch Investment Partners Inc. Reduces Position in Expeditors International of Washington, Inc. $EXPD

Key Points

• Epoch Investment Partners cut its stake in Expeditors International of Washington by 42.5% in the first quarter, selling 373,537 shares and ending with 505,372 shares worth about $72.4 million.
• Expeditors posted better-than-expected quarterly results, reporting EPS of $1.71 versus the $1.33 consensus estimate, with revenue up 4.4% year over year.
• Analysts remain mixed on the stock: the consensus rating is Hold with an average price target of $153.78, though some firms recently raised their targets or upgraded the shares.

Epoch Investment Partners Inc. lowered its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 42.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 505,372 shares of the transportation company's stock after selling 373,537 shares during the period. Epoch Investment Partners Inc. owned about 0.39% of Expeditors International of Washington worth $72,384,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the 4th quarter valued at approximately $28,000. DV Equities LLC purchased a new position in shares of Expeditors International of Washington during the 4th quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter worth approximately $30,000. Bard Associates Inc. bought a new stake in shares of Expeditors International of Washington in the fourth quarter worth $32,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company's stock worth $34,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $175.37 on Friday. The company's fifty day moving average is $165.48 and its two-hundred day moving average is $156.04. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $183.52. The stock has a market capitalization of $22.94 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating 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%. Expeditors International of Washington's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. Sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on EXPD shares. Barclays increased their price objective on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an "underweight" rating in a research note on Thursday, June 25th. Zacks Research raised shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 7th. Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Stifel Nicolaus increased their price target on shares of Expeditors International of Washington from $154.00 to $158.00 and gave the stock a "hold" rating in a research report on Wednesday, July 15th. Finally, Citizens Jmp began coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They issued a "market perform" rating for the company. Two research 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. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of "Hold" and a consensus target price 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.

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