Prudential PLC Sells 3,213 Shares of Expeditors International of Washington, Inc. $EXPD

Prudential PLC lessened its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,984 shares of the transportation company’s stock after selling 3,213 shares during the quarter. Prudential PLC’s holdings in Expeditors International of Washington were worth $9,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXPD. Signaturefd LLC grew its holdings in Expeditors International of Washington by 2.1% during the 4th quarter. Signaturefd LLC now owns 3,447 shares of the transportation company’s stock valued at $514,000 after buying an additional 71 shares in the last quarter. RIA Advisory Group LLC grew its holdings in Expeditors International of Washington by 2.7% during the 3rd quarter. RIA Advisory Group LLC now owns 2,970 shares of the transportation company’s stock valued at $364,000 after buying an additional 78 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in Expeditors International of Washington by 4.2% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,085 shares of the transportation company’s stock valued at $256,000 after buying an additional 84 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in Expeditors International of Washington by 1.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,408 shares of the transportation company’s stock valued at $806,000 after buying an additional 95 shares in the last quarter. Finally, Hardy Reed LLC grew its holdings in Expeditors International of Washington by 2.8% during the 4th quarter. Hardy Reed LLC now owns 3,513 shares of the transportation company’s stock valued at $523,000 after buying an additional 95 shares in the last quarter. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock opened at $160.41 on Friday. 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. The stock has a 50 day moving average price of $151.33 and a 200-day moving average price of $151.20. Expeditors International of Washington, Inc. has a one year low of $110.48 and a one year high of $167.19.

Expeditors International of Washington (NASDAQ:EXPD) last announced its earnings results on Tuesday, May 5th. The transportation company reported $1.71 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%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 earnings per share. Sell-side analysts predict 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. Stockholders of record on Monday, June 1st will be issued a $0.81 dividend. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is 26.21%.

Analysts Set New Price Targets

Several equities analysts have weighed in on EXPD shares. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Susquehanna raised their price target 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. Truist Financial dropped their target price on Expeditors International of Washington from $160.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lifted their target price on Expeditors International of Washington from $135.00 to $139.00 and gave the stock an “underweight” rating in a report 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 issued a Sell rating to the stock. According to MarketBeat.com, Expeditors International of Washington currently has an average rating of “Hold” and an average target price of $137.30.

About Expeditors International of Washington

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.