QRG Capital Management Inc. Increases Holdings in Expeditors International of Washington, Inc. $EXPD

QRG Capital Management Inc. grew its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 77.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 22,536 shares of the transportation company’s stock after acquiring an additional 9,810 shares during the period. QRG Capital Management Inc.’s holdings in Expeditors International of Washington were worth $3,228,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Expeditors International of Washington by 5.2% during the third quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock valued at $945,004,000 after acquiring an additional 377,703 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Expeditors International of Washington by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after acquiring an additional 32,063 shares during the period. Marshfield Associates boosted its holdings in Expeditors International of Washington by 4.6% in the third quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock valued at $238,161,000 after acquiring an additional 86,182 shares in the last quarter. Wellington Management Group LLP increased its position in Expeditors International of Washington by 64.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock valued at $235,486,000 after purchasing an additional 749,993 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Expeditors International of Washington by 733.9% in 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 worth $231,432,000 after purchasing an additional 1,661,457 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of research reports. UBS Group lifted their target price 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. JPMorgan Chase & Co. increased their price target on shares of Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Wolfe Research upgraded shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Barclays lifted their price objective on Expeditors International of Washington from $135.00 to $150.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Finally, Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.44.

Expeditors International of Washington Stock Performance

Shares of EXPD traded up $1.26 during mid-day trading on Tuesday, reaching $166.97. The company had a trading volume of 55,779 shares, compared to its average volume of 1,359,817. The firm has a 50-day moving average price of $158.96 and a 200 day moving average price of $153.70. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates 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%.During the same quarter last year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

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

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.