Cambiar Investors LLC reduced its holdings in Expeditors International of Washington (NASDAQ:EXPD) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,660 shares of the transportation company’s stock after selling 715 shares during the quarter. Cambiar Investors LLC’s holdings in Expeditors International of Washington were worth $4,452,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division bought a new position in shares of Expeditors International of Washington in the first quarter valued at approximately $25,000. JOYN Advisors Inc. lifted its position in shares of Expeditors International of Washington by 632.4% during the fourth quarter. JOYN Advisors Inc. now owns 498 shares of the transportation company’s stock worth $34,000 after purchasing an additional 430 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Expeditors International of Washington by 6,357.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886,607 shares of the transportation company’s stock worth $42,000 after purchasing an additional 2,841,903 shares during the last quarter. CX Institutional bought a new stake in shares of Expeditors International of Washington during the first quarter worth $50,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Expeditors International of Washington during the fourth quarter worth $53,000. Institutional investors and hedge funds own 92.34% of the company’s stock.
A number of equities research analysts have recently weighed in on EXPD shares. Cowen restated a “market perform” rating and set a $76.00 price target (down previously from $78.00) on shares of Expeditors International of Washington in a research note on Wednesday, May 8th. BidaskClub cut shares of Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Loop Capital initiated coverage on shares of Expeditors International of Washington in a report on Thursday, May 30th. They issued a “hold” rating and a $78.00 price target for the company. Seaport Global Securities reiterated a “neutral” rating on shares of Expeditors International of Washington in a report on Friday, May 17th. Finally, Zacks Investment Research cut shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $73.00.
Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.05). Expeditors International of Washington had a net margin of 7.49% and a return on equity of 31.25%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that Expeditors International of Washington will post 3.46 EPS for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 1.35%. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.45. Expeditors International of Washington’s dividend payout ratio is presently 28.74%.
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Expeditors International of Washington Profile
Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. 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, 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, and other logistics solutions.
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