AIA Group Ltd Buys Shares of 3,413 Expeditors International of Washington, Inc. $EXPD

AIA Group Ltd acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,413 shares of the transportation company’s stock, valued at approximately $489,000.

A number of other hedge funds have also made changes to their positions in the stock. Mediolanum International Funds Ltd raised its stake in shares of Expeditors International of Washington by 28.4% in the 1st quarter. Mediolanum International Funds Ltd now owns 18,504 shares of the transportation company’s stock worth $2,618,000 after buying an additional 4,089 shares in the last quarter. Arjuna Capital lifted its holdings in Expeditors International of Washington by 3.4% in the 1st quarter. Arjuna Capital now owns 24,753 shares of the transportation company’s stock valued at $3,545,000 after acquiring an additional 813 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Expeditors International of Washington by 0.6% during the 1st quarter. California Public Employees Retirement System now owns 365,752 shares of the transportation company’s stock valued at $52,387,000 after purchasing an additional 2,292 shares in the last quarter. Kera Capital Partners Inc. boosted its position in shares of Expeditors International of Washington by 13.0% during the 1st quarter. Kera Capital Partners Inc. now owns 1,931 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 222 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Expeditors International of Washington by 3.4% in the 1st quarter. Assetmark Inc. now owns 374,665 shares of the transportation company’s stock worth $53,663,000 after purchasing an additional 12,417 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 $177.12 on Tuesday. The business’s 50-day simple moving average is $163.70 and its 200-day simple moving average is $155.32. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $183.52. The firm has a market cap of $23.17 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 EPS. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EXPD shares. Stephens upgraded Expeditors International of Washington to a “strong-buy” rating in a research report on Wednesday, July 8th. Stifel Nicolaus lifted their target price on Expeditors International of Washington from $154.00 to $158.00 and gave the stock a “hold” rating in a report on Wednesday, July 15th. Susquehanna boosted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Citizens Jmp began coverage on Expeditors International of Washington in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Barclays lifted their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus target price of $148.56.

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.