Expeditors International of Washington, Inc. $EXPD Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 61.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,518 shares of the transportation company’s stock after acquiring an additional 11,990 shares during the period. CIBC Asset Management Inc’s holdings in Expeditors International of Washington were worth $4,696,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $28,000. Community Bank N.A. purchased a new stake in Expeditors International of Washington during the 3rd quarter valued at about $34,000. Geneos Wealth Management Inc. grew its stake in Expeditors International of Washington by 132.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 131 shares in the last quarter. Oakworth Capital Inc. grew its stake in Expeditors International of Washington by 1,723.1% during the 4th quarter. Oakworth Capital Inc. now owns 237 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 224 shares in the last quarter. Finally, eCIO Inc. purchased a new stake in Expeditors International of Washington during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Expeditors International of Washington stock opened at $160.41 on Friday. The firm has a 50 day simple moving average of $151.33 and a 200-day simple moving average of $151.20. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $167.19. The stock has a market cap of $20.98 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating the consensus estimate 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%. During the same period in the previous year, the business posted $1.47 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.81 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Susquehanna upped their price objective on shares of Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial dropped their price objective on shares of Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, February 25th. UBS Group upped their price objective on shares of Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $137.30.

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.