TD Asset Management Inc Decreases Stock Holdings in Expeditors International of Washington, Inc. $EXPD

TD Asset Management Inc decreased its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018,690 shares of the transportation company’s stock after selling 147,120 shares during the period. TD Asset Management Inc owned about 0.76% of Expeditors International of Washington worth $151,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Expeditors International of Washington by 6.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 993,697 shares of the transportation company’s stock valued at $121,817,000 after purchasing an additional 62,500 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Expeditors International of Washington by 14.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 565,430 shares of the transportation company’s stock valued at $69,316,000 after purchasing an additional 69,290 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Expeditors International of Washington in the 3rd quarter valued at $1,041,000. Exchange Traded Concepts LLC lifted its holdings in Expeditors International of Washington by 40.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 72,528 shares of the transportation company’s stock valued at $10,807,000 after purchasing an additional 20,755 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its holdings in Expeditors International of Washington by 12.7% in the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 80,232 shares of the transportation company’s stock valued at $9,836,000 after purchasing an additional 9,019 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EXPD shares. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. UBS Group raised their price objective on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 8th. Truist Financial decreased their price objective on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, February 25th. Susquehanna raised their price objective on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Expeditors International of Washington presently has a consensus rating of “Hold” and a consensus target price of $137.30.

Expeditors International of Washington Stock Up 0.8%

Shares of EXPD opened at $159.94 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $110.48 and a 52-week high of $167.19. The company has a market capitalization of $20.92 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The stock has a fifty day simple moving average of $150.99 and a two-hundred day simple moving average of $151.13.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $1.47 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate 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 announced a dividend, which will be paid on Monday, June 15th. Shareholders 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 (DPR) is 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.