Expeditors International of Washington (EXPD) Position Increased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Expeditors International of Washington (NASDAQ:EXPD) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,449 shares of the transportation company’s stock after buying an additional 36,882 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Expeditors International of Washington were worth $51,149,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in Expeditors International of Washington by 56.2% in the first quarter. Toronto Dominion Bank now owns 48,608 shares of the transportation company’s stock worth $2,746,000 after buying an additional 17,497 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Expeditors International of Washington by 29.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,361 shares of the transportation company’s stock worth $755,000 after buying an additional 3,021 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in Expeditors International of Washington by 2.0% in the first quarter. Mosaic Family Wealth LLC now owns 2,443 shares of the transportation company’s stock worth $138,000 after buying an additional 49 shares during the last quarter. TD Asset Management Inc. raised its stake in Expeditors International of Washington by 10.6% in the first quarter. TD Asset Management Inc. now owns 398,291 shares of the transportation company’s stock worth $22,499,000 after buying an additional 38,190 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Expeditors International of Washington by 8.6% in the first quarter. Sei Investments Co. now owns 350,764 shares of the transportation company’s stock worth $19,815,000 after buying an additional 27,838 shares during the last quarter. 90.76% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded up 0.27% during mid-day trading on Friday, reaching $52.75. The company’s stock had a trading volume of 1,145,375 shares. The company has a market capitalization of $9.50 billion, a PE ratio of 22.54 and a beta of 0.64. Expeditors International of Washington has a 52-week low of $46.48 and a 52-week high of $57.74. The firm’s 50 day moving average is $55.22 and its 200-day moving average is $54.30.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.05. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Expeditors International of Washington had a net margin of 7.18% and a return on equity of 24.45%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Analysts forecast that Expeditors International of Washington will post $2.36 EPS for the current year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a yield of 1.54%. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.40. Expeditors International of Washington’s payout ratio is 33.90%.

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A number of analysts recently commented on the company. Zacks Investment Research lowered Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday. Vertical Research reissued a “hold” rating and issued a $63.00 price target on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Wells Fargo & Co started coverage on Expeditors International of Washington in a research note on Monday, March 13th. They issued a “market perform” rating on the stock. Credit Suisse Group AG reissued an “underperform” rating and issued a $53.00 price target (up from $52.00) on shares of Expeditors International of Washington in a research note on Monday, March 6th. Finally, Cowen and Company reissued a “market perform” rating and issued a $57.00 price target (up from $49.00) on shares of Expeditors International of Washington in a research note on Wednesday, February 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.20.

In related news, VP Christopher J. Mcclincy sold 1,274 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $56.62, for a total transaction of $72,133.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip M. Coughlin sold 4,146 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $56.36, for a total value of $233,668.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,635 shares of company stock valued at $2,339,698. 0.86% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

5 Day Chart for NASDAQ:EXPD

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