Epoch Investment Partners Inc. Boosts Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Epoch Investment Partners Inc. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 19.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 553,686 shares of the transportation company’s stock after acquiring an additional 88,263 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Expeditors International of Washington were worth $70,429,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in Expeditors International of Washington in the fourth quarter worth $27,000. CVA Family Office LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $35,000. BKM Wealth Management LLC purchased a new stake in Expeditors International of Washington in the fourth quarter worth $37,000. Planned Solutions Inc. purchased a new stake in Expeditors International of Washington in the fourth quarter worth $37,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Expeditors International of Washington in the fourth quarter worth $38,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is currently owned by company insiders.

Expeditors International of Washington Trading Down 0.0 %

EXPD stock traded down $0.05 during trading on Friday, reaching $125.47. The stock had a trading volume of 1,514,823 shares, compared to its average volume of 1,360,658. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The stock’s 50 day moving average is $117.25 and its two-hundred day moving average is $121.23. The firm has a market cap of $17.72 billion, a PE ratio of 26.59, a PEG ratio of 6.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPDGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. The business’s quarterly revenue was down 14.9% on a year-over-year basis. On average, research analysts anticipate that Expeditors International of Washington, Inc. will post 4.88 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a dividend yield of 1.2%. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s dividend payout ratio (DPR) is currently 30.93%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EXPD shares. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Bank of America started coverage on Expeditors International of Washington in a research note on Friday, March 15th. They issued a “neutral” rating and a $126.00 target price on the stock. Stifel Nicolaus increased their target price on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research note on Thursday, May 23rd. TD Cowen increased their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Finally, Susquehanna increased their target price on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $111.25.

Get Our Latest Stock Report on Expeditors International of Washington

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

Further Reading

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report).

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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