River Road Asset Management LLC Trims Stake in Expeditors International of Washington, Inc. $EXPD

River Road Asset Management LLC lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 54.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,023 shares of the transportation company’s stock after selling 129,710 shares during the period. River Road Asset Management LLC owned approximately 0.08% of Expeditors International of Washington worth $15,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth approximately $28,000. DV Equities LLC purchased a new position in Expeditors International of Washington during the 4th quarter valued at $28,000. Bard Associates Inc. bought a new position in Expeditors International of Washington in the 4th quarter valued at $32,000. Community Bank N.A. bought a new position in Expeditors International of Washington in the 3rd quarter valued at $34,000. Finally, Geneos Wealth Management Inc. increased its stake in Expeditors International of Washington by 132.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 230 shares of the transportation company’s stock worth $34,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Down 0.0%

EXPD opened at $161.29 on Friday. The stock’s fifty day moving average is $155.24 and its two-hundred day moving average is $152.60. The company has a market capitalization of $21.09 billion, a P/E ratio of 28.20, a PEG ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 52 week low of $110.48 and a 52 week high of $168.52.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate 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 previous year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts anticipate 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 disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 101.0%. Expeditors International of Washington’s dividend payout ratio is 26.21%.

Analyst Ratings Changes

Several research firms have recently weighed in on EXPD. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Truist Financial cut their price target on shares of 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. JPMorgan Chase & Co. raised 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. UBS Group lifted 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 report on Friday, May 8th. Finally, Susquehanna boosted 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 report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.