GHP Investment Advisors Inc. Acquires 3,526 Shares of Expeditors International of Washington, Inc. $EXPD

GHP Investment Advisors Inc. lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 3.6% in the first quarter, Holdings Channel.com reports. The fund owned 102,038 shares of the transportation company’s stock after purchasing an additional 3,526 shares during the period. GHP Investment Advisors Inc.’s holdings in Expeditors International of Washington were worth $14,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Expeditors International of Washington by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,168 shares of the transportation company’s stock valued at $1,944,000 after purchasing an additional 623 shares during the period. Jones Financial Companies Lllp grew its holdings in Expeditors International of Washington by 75.4% during the 1st quarter. Jones Financial Companies Lllp now owns 2,324 shares of the transportation company’s stock valued at $279,000 after buying an additional 999 shares in the last quarter. Woodline Partners LP grew its holdings in Expeditors International of Washington by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,826 shares of the transportation company’s stock valued at $1,422,000 after buying an additional 3,420 shares in the last quarter. Focus Partners Wealth increased its position in shares of Expeditors International of Washington by 33.9% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the transportation company’s stock valued at $628,000 after buying an additional 1,324 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Expeditors International of Washington by 29.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,113 shares of the transportation company’s stock valued at $127,000 after buying an additional 255 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXPD. Susquehanna raised 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. UBS Group raised their price target 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. Zacks Research upgraded shares of Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Wolfe Research raised shares of Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, 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 note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Expeditors International of Washington currently has an average rating of “Hold” and an average price target of $138.80.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $161.47 on Friday. The company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 5.00 and a beta of 1.05. The business has a 50 day moving average of $156.64 and a 200 day moving average of $152.99. Expeditors International of Washington, Inc. has a 1-year low of $110.48 and a 1-year high of $168.52.

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 net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 EPS. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.81 dividend. This represents a yield of 101.0%. The ex-dividend date was Monday, June 1st. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 26.21%.

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.