Orion Portfolio Solutions LLC Has $588,000 Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Orion Portfolio Solutions LLC increased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,660 shares of the transportation company’s stock after acquiring an additional 723 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Expeditors International of Washington were worth $588,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new position in shares of Expeditors International of Washington during the 4th quarter worth approximately $35,000. BKM Wealth Management LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at $37,000. Planned Solutions Inc. bought a new stake in Expeditors International of Washington in the 4th quarter valued at $37,000. Fortitude Family Office LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at $38,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Expeditors International of Washington in the 4th quarter valued at $49,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at $6,170,637.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen boosted their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus increased their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. increased their target price on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a report on Tuesday, April 9th. Finally, Bank of America assumed coverage on Expeditors International of Washington in a report on Friday, March 15th. They set a “neutral” rating and a $126.00 target price on the stock. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.25.

Read Our Latest Analysis on Expeditors International of Washington

Expeditors International of Washington Stock Up 3.2 %

NASDAQ:EXPD opened at $126.30 on Thursday. The stock’s 50-day simple moving average is $117.07 and its 200 day simple moving average is $121.16. The firm has a market capitalization of $17.84 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 6.58 and a beta of 0.99. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s revenue was down 14.9% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 4.88 EPS for the current fiscal year.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.73 per share. This represents a dividend yield of 1.2%. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 30.93%.

About Expeditors International of Washington

(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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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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