Verdence Capital Advisors LLC Buys 625 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Verdence Capital Advisors LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,813 shares of the transportation company’s stock after purchasing an additional 625 shares during the period. Verdence Capital Advisors LLC’s holdings in Expeditors International of Washington were worth $1,552,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in EXPD. Crewe Advisors LLC bought a new position in shares of Expeditors International of Washington in the first quarter worth about $25,000. Hara Capital LLC bought a new position in shares of Expeditors International of Washington in the third quarter worth about $26,000. Innealta Capital LLC bought a new position in shares of Expeditors International of Washington in the second quarter worth about $31,000. Family Firm Inc. bought a new position in shares of Expeditors International of Washington in the second quarter worth about $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Expeditors International of Washington in the second quarter worth about $52,000. Institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Price Performance

Shares of EXPD stock opened at $120.06 on Friday. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The stock’s 50 day simple moving average is $122.39 and its two-hundred day simple moving average is $121.37. The company has a market cap of $16.81 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.16 EPS for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is presently 28.46%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Bank of America upped their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $137.00 in a research note on Thursday, August 1st. Barclays upped their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.00.

About Expeditors International of Washington

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.