Wynn Capital LLC Reduces Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wynn Capital LLC decreased its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPDFree Report) by 7.2% in the first quarter, HoldingsChannel.com reports. The fund owned 3,364 shares of the transportation company’s stock after selling 262 shares during the period. Wynn Capital LLC’s holdings in Expeditors International of Washington were worth $409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in Expeditors International of Washington in the fourth quarter worth $27,000. CVA Family Office LLC bought a new position in Expeditors International of Washington in the fourth quarter worth $35,000. BKM Wealth Management LLC bought a new position in Expeditors International of Washington in the fourth quarter worth $37,000. Planned Solutions Inc. bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $37,000. Finally, Fortitude Family Office LLC bought a new position in shares of Expeditors International of Washington during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Stock Up 0.1 %

NASDAQ:EXPD traded up $0.17 on Friday, hitting $126.42. The stock had a trading volume of 5,508,264 shares, compared to its average volume of 1,423,465. The stock has a market cap of $17.86 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 5.88 and a beta of 0.99. The business’s 50-day simple moving average is $118.68 and its two-hundred day simple moving average is $121.68. 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:EXPDGet Free Report) last announced its 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. 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 for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was down 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that Expeditors International of Washington, Inc. will post 4.89 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. This represents a yield of 1.2%. Expeditors International of Washington’s payout ratio is currently 30.93%.

Insider Buying and Selling

In related news, 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 transaction, the director now directly owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Expeditors International of Washington 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 stock was sold at an average price of $116.99, for a total value of $479,659.00. Following the sale, the insider now owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington 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 sale, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXPD. Susquehanna raised their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. TD Cowen raised their price target on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. raised their price target 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. Stifel Nicolaus raised their price target on Expeditors International of Washington from $112.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. Finally, BNP Paribas upgraded Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, Expeditors International of Washington has an average rating of “Hold” and an average price target of $111.88.

Get Our Latest Report on Expeditors International of Washington

Expeditors International of Washington Company 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.

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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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