HighPoint Advisor Group LLC Buys Shares of 1,706 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

HighPoint Advisor Group LLC purchased a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,706 shares of the transportation company’s stock, valued at approximately $205,000.

A number of other institutional investors have also made changes to their positions in the stock. Kestra Advisory Services LLC increased its stake in shares of Expeditors International of Washington by 41.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 6,999 shares of the transportation company’s stock valued at $802,000 after acquiring an additional 2,035 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Expeditors International of Washington during the third quarter worth $202,000. LPL Financial LLC grew its holdings in shares of Expeditors International of Washington by 5.0% in the 3rd quarter. LPL Financial LLC now owns 108,684 shares of the transportation company’s stock valued at $12,458,000 after buying an additional 5,132 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Expeditors International of Washington by 8.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 10,277 shares of the transportation company’s stock valued at $1,178,000 after buying an additional 795 shares in the last quarter. Finally, Mariner LLC raised its stake in Expeditors International of Washington by 9.7% during the 3rd quarter. Mariner LLC now owns 21,105 shares of the transportation company’s stock worth $2,419,000 after buying an additional 1,872 shares during the period. 94.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 target price for the company in a research note on Tuesday, May 14th. 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. Susquehanna lifted their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Bank of America increased their price objective on shares of Expeditors International of Washington from $126.00 to $131.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Finally, Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and a consensus target price of $111.88.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD opened at $126.42 on Friday. The company’s 50-day moving average price is $118.68 and its two-hundred day moving average price is $121.69. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.17. The stock has a market capitalization of $17.86 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 5.88 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 4.89 earnings per share for the current fiscal year.

Expeditors International of Washington Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.73 per share. This is a positive change from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. The ex-dividend date was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio is 30.93%.

Insider Buying and Selling at Expeditors International of Washington

In other news, insider Blake R. Bell sold 4,100 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Blake R. Bell sold 4,100 shares of the business’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 transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the sale, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Expeditors International of Washington Profile

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.