Entropy Technologies LP Purchases 4,968 Shares of Expeditors International of Washington, Inc. $EXPD

Entropy Technologies LP increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 101.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,887 shares of the transportation company’s stock after buying an additional 4,968 shares during the period. Entropy Technologies LP’s holdings in Expeditors International of Washington were worth $1,416,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Expeditors International of Washington by 733.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock valued at $231,432,000 after acquiring an additional 1,661,457 shares during the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $201,164,000. Norges Bank bought a new position in shares of Expeditors International of Washington during the fourth quarter worth $180,719,000. Balyasny Asset Management L.P. acquired a new position in shares of Expeditors International of Washington in the 3rd quarter valued at $113,194,000. Finally, Wellington Management Group LLP increased its holdings in shares of Expeditors International of Washington by 64.1% in the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after acquiring an additional 749,993 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXPD. Zacks Research raised shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Truist Financial boosted their price target on Expeditors International of Washington from $145.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 15th. Bank of America boosted their price objective on shares of Expeditors International of Washington from $181.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Barclays upped their target price on shares of Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Finally, UBS Group lifted their price target on Expeditors International of Washington from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $153.78.

Expeditors International of Washington Trading Down 2.4%

Shares of NASDAQ EXPD opened at $171.09 on Tuesday. The firm has a market cap of $22.38 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The business’s 50 day moving average is $165.76 and its 200-day moving average is $156.15. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $183.52.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 earnings per share. Analysts forecast that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington 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.