UniSuper Management Pty Ltd Purchases 7,619 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

UniSuper Management Pty Ltd lifted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 9.8% in the first quarter, HoldingsChannel reports. The fund owned 85,405 shares of the transportation company’s stock after buying an additional 7,619 shares during the period. UniSuper Management Pty Ltd’s holdings in Expeditors International of Washington were worth $10,383,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have issued reports on EXPD. Bank of America increased their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday. Susquehanna increased their price target on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Stifel Nicolaus upped their price objective on Expeditors International of Washington from $112.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Wolfe Research raised Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective on Expeditors International of Washington from $106.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $113.56.

Insider Buying and Selling at Expeditors International of Washington

In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is available through this link. Also, insider Blake R. Bell sold 4,100 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 52,745 shares of the company’s stock, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Performance

NASDAQ EXPD traded up $0.87 during trading hours on Tuesday, hitting $123.84. 1,060,613 shares of the company traded hands, compared to its average volume of 1,316,450. The business’s 50-day moving average is $122.06 and its 200-day moving average is $121.22. Expeditors International of Washington, Inc. has a twelve month low of $107.03 and a twelve month high of $131.17. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 5.51 and a beta of 0.98.

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. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the firm posted $1.45 earnings per share. The business’s quarterly revenue was down 14.9% compared to the same quarter last year. Analysts predict that Expeditors International of Washington, Inc. will post 4.97 EPS for the current year.

Expeditors International of Washington Increases Dividend

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

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.