Norden Group LLC Acquires New Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Norden Group LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,950 shares of the transportation company’s stock, valued at approximately $966,000.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Expeditors International of Washington by 5.9% in the 1st quarter. Van ECK Associates Corp now owns 33,329 shares of the transportation company’s stock worth $4,052,000 after purchasing an additional 1,848 shares during the period. Vest Financial LLC boosted its stake in Expeditors International of Washington by 24.2% in the 1st quarter. Vest Financial LLC now owns 296,351 shares of the transportation company’s stock worth $36,026,000 after purchasing an additional 57,833 shares during the period. SkyOak Wealth LLC boosted its stake in Expeditors International of Washington by 3.9% in the 1st quarter. SkyOak Wealth LLC now owns 2,529 shares of the transportation company’s stock worth $307,000 after purchasing an additional 95 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Expeditors International of Washington by 3.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 60,394 shares of the transportation company’s stock worth $7,342,000 after purchasing an additional 1,736 shares during the period. Finally, Meritage Portfolio Management bought a new position in Expeditors International of Washington in the 1st quarter worth approximately $6,939,000. 94.02% of the stock is currently owned by institutional investors.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD opened at $123.40 on Friday. The stock’s fifty day moving average is $120.73 and its 200 day moving average is $121.86. Expeditors International of Washington, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $131.17. The firm has a market capitalization of $17.43 billion, a PE ratio of 26.24, a PEG ratio of 5.77 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last released its quarterly earnings results 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. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. Expeditors International of Washington’s quarterly revenue was down 14.9% compared to the same quarter last year. Equities analysts forecast that Expeditors International of Washington, Inc. will post 4.89 EPS for the current year.

Expeditors International of Washington Increases Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Susquehanna upped their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a report on Tuesday, May 14th. Robert W. Baird upped their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America upped their price objective on Expeditors International of Washington from $126.00 to $131.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Finally, TD Cowen upped their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.44.

Read Our Latest Research Report on Expeditors International of Washington

Expeditors International of Washington Profile

(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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