Gibbs Wealth Management Acquires 5,253 Shares of Expeditors International of Washington, Inc. $EXPD

Gibbs Wealth Management grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 295.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,030 shares of the transportation company’s stock after buying an additional 5,253 shares during the quarter. Gibbs Wealth Management’s holdings in Expeditors International of Washington were worth $1,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in Expeditors International of Washington during the 4th quarter worth approximately $28,000. DV Equities LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $30,000. Bard Associates Inc. purchased a new position in shares of Expeditors International of Washington during the fourth quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Expeditors International of Washington by 132.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock valued at $34,000 after buying an additional 131 shares during the last quarter. 94.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Citizens Jmp started coverage on Expeditors International of Washington in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Stephens raised shares of Expeditors International of Washington to a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America upped their target price 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. Finally, UBS Group increased their target price on shares of Expeditors International of Washington from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of “Hold” and a consensus price target of $153.78.

Expeditors International of Washington Stock Down 0.5%

EXPD stock opened at $175.37 on Friday. The firm has a market cap of $22.94 billion, a PE ratio of 30.66, a P/E/G ratio of 5.00 and a beta of 1.04. The business has a 50 day moving average of $165.48 and a 200-day moving average of $156.04. Expeditors International of Washington, Inc. has a 12-month low of $110.48 and a 12-month high of $183.52.

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, 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%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s dividend payout ratio (DPR) 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.