Navellier & Associates Inc. Raises Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Navellier & Associates Inc. boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDGet Rating) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,266 shares of the transportation company’s stock after acquiring an additional 358 shares during the period. Navellier & Associates Inc.’s holdings in Expeditors International of Washington were worth $5,676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Expeditors International of Washington by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 3,494,575 shares of the transportation company’s stock worth $468,177,000 after buying an additional 70,220 shares during the last quarter. Invesco Ltd. raised its holdings in Expeditors International of Washington by 29.6% in the fourth quarter. Invesco Ltd. now owns 2,509,534 shares of the transportation company’s stock worth $337,005,000 after buying an additional 573,030 shares during the last quarter. Northern Trust Corp raised its holdings in Expeditors International of Washington by 2.6% in the fourth quarter. Northern Trust Corp now owns 2,479,675 shares of the transportation company’s stock worth $332,995,000 after buying an additional 61,829 shares during the last quarter. First Trust Advisors LP raised its holdings in Expeditors International of Washington by 1.3% in the fourth quarter. First Trust Advisors LP now owns 2,417,222 shares of the transportation company’s stock worth $324,609,000 after buying an additional 31,347 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Expeditors International of Washington by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 1,415,488 shares of the transportation company’s stock worth $190,086,000 after buying an additional 4,764 shares during the last quarter. 92.14% of the stock is owned by institutional investors.

Expeditors International of Washington stock traded up $2.57 during mid-day trading on Thursday, reaching $108.70. 28,012 shares of the company’s stock traded hands, compared to its average volume of 1,487,977. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 12.28 and a beta of 0.85. The stock has a 50 day moving average of $103.20 and a two-hundred day moving average of $113.42. Expeditors International of Washington, Inc. has a 12-month low of $94.95 and a 12-month high of $137.80.

Expeditors International of Washington (NASDAQ:EXPDGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The transportation company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.28. Expeditors International of Washington had a net margin of 8.20% and a return on equity of 42.58%. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Expeditors International of Washington’s revenue was up 45.8% on a year-over-year basis. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 7.63 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a dividend yield of 1.2%. This is an increase from Expeditors International of Washington’s previous Semi-Annual dividend of $0.58. Expeditors International of Washington’s dividend payout ratio is currently 13.43%.

Several research analysts have recently weighed in on the stock. Susquehanna decreased their price objective on shares of Expeditors International of Washington from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 23rd. Benchmark assumed coverage on shares of Expeditors International of Washington in a report on Wednesday, March 16th. They set a “hold” rating for the company. Wells Fargo & Company decreased their price objective on shares of Expeditors International of Washington from $125.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, February 23rd. Wolfe Research upgraded shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, April 5th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares cut their target price on shares of Expeditors International of Washington from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $113.60.

Expeditors International of Washington Company Profile (Get Rating)

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, 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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