IFM Investors Pty Ltd lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 13.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,481 shares of the transportation company's stock after purchasing an additional 3,520 shares during the quarter. IFM Investors Pty Ltd's holdings in Expeditors International of Washington were worth $4,005,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of EXPD. Coppell Advisory Solutions LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $26,000. Garde Capital Inc. purchased a new position in shares of Expeditors International of Washington in the 1st quarter worth approximately $37,000. Colonial Trust Co SC boosted its holdings in shares of Expeditors International of Washington by 58.6% in the 4th quarter. Colonial Trust Co SC now owns 352 shares of the transportation company's stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Parvin Asset Management LLC purchased a new position in shares of Expeditors International of Washington in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 94.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on EXPD shares. Truist Financial lifted their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a report on Monday, June 30th. Barclays dropped their price objective on Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating for the company in a report on Wednesday, May 7th. Robert W. Baird began coverage on Expeditors International of Washington in a report on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. UBS Group dropped their price objective on Expeditors International of Washington from $128.00 to $117.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, TD Cowen dropped their price objective on Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating for the company in a report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $114.11.
View Our Latest Stock Analysis on EXPD
Expeditors International of Washington Price Performance
Shares of EXPD stock traded down $0.08 during mid-day trading on Wednesday, hitting $117.24. The stock had a trading volume of 346,674 shares, compared to its average volume of 1,242,306. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59. The firm has a market capitalization of $16.06 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 5.00 and a beta of 1.07. The firm's 50-day moving average is $113.68 and its two-hundred day moving average is $113.36.
Expeditors International of Washington Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.77 dividend. This represents a dividend yield of 1.4%. This is a boost from Expeditors International of Washington's previous semi-annual dividend of $0.73. The ex-dividend date was Monday, June 2nd. Expeditors International of Washington's dividend payout ratio is currently 25.58%.
Expeditors International of Washington Profile
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Free Report)
Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.
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