MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New $78,000 Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 641 shares of the transportation company’s stock, valued at approximately $78,000.

Several other large investors have also made changes to their positions in EXPD. First Trust Advisors LP grew its position in Expeditors International of Washington by 580.8% in the fourth quarter. First Trust Advisors LP now owns 1,584,361 shares of the transportation company’s stock worth $201,531,000 after acquiring an additional 1,351,630 shares in the last quarter. Norges Bank bought a new stake in Expeditors International of Washington in the fourth quarter worth $74,763,000. TD Asset Management Inc increased its position in Expeditors International of Washington by 51.9% during the fourth quarter. TD Asset Management Inc now owns 867,160 shares of the transportation company’s stock worth $110,303,000 after buying an additional 296,186 shares during the last quarter. International Assets Investment Management LLC increased its position in Expeditors International of Washington by 8,732.2% during the fourth quarter. International Assets Investment Management LLC now owns 225,398 shares of the transportation company’s stock worth $28,671,000 after buying an additional 222,846 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new position in Expeditors International of Washington during the first quarter valued at about $23,178,000. Institutional investors own 94.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EXPD. JPMorgan Chase & Co. increased their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the company an “underweight” rating in a report on Tuesday, April 9th. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. TD Cowen upped their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Stifel Nicolaus raised their price objective on shares of 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. Finally, BNP Paribas upgraded shares of 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. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $111.88.

Expeditors International of Washington Stock Performance

Shares of EXPD stock opened at $121.32 on Wednesday. The firm has a fifty day moving average of $120.09 and a 200-day moving average of $121.85. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 5.81 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.17.

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

Expeditors International of Washington Increases Dividend

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

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, insider Blake R. Bell sold 4,100 shares of the stock in a transaction 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 directly owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the completion of the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value of $1,001,727.00. Following the completion of the transaction, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

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.