Expeditors International of Washington, Inc. (EXPD) Position Increased by Hendley & Co. Inc.

Hendley & Co. Inc. raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,435 shares of the transportation company’s stock after buying an additional 200 shares during the period. Expeditors International of Washington makes up 1.7% of Hendley & Co. Inc.’s portfolio, making the stock its 25th largest position. Hendley & Co. Inc.’s holdings in Expeditors International of Washington were worth $2,906,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mosaic Family Wealth LLC increased its position in shares of 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 valued at $138,000 after buying an additional 49 shares during the period. Benedict Financial Advisors Inc. increased its position in shares of Expeditors International of Washington by 0.4% in the first quarter. Benedict Financial Advisors Inc. now owns 20,549 shares of the transportation company’s stock valued at $1,161,000 after buying an additional 79 shares during the period. Pacer Advisors Inc. increased its position in shares of Expeditors International of Washington by 3.0% in the first quarter. Pacer Advisors Inc. now owns 3,461 shares of the transportation company’s stock valued at $196,000 after buying an additional 101 shares during the period. Advantus Capital Management Inc increased its position in shares of Expeditors International of Washington by 0.6% in the first quarter. Advantus Capital Management Inc now owns 17,885 shares of the transportation company’s stock valued at $1,010,000 after buying an additional 114 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Expeditors International of Washington by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,810 shares of the transportation company’s stock valued at $254,000 after buying an additional 123 shares during the period. 95.09% of the stock is currently owned by institutional investors.

Shares of Expeditors International of Washington, Inc. (EXPD) traded up 1.04% during mid-day trading on Wednesday, hitting $56.36. 209,371 shares of the company’s stock were exchanged. Expeditors International of Washington, Inc. has a 52 week low of $46.48 and a 52 week high of $57.74. The firm has a 50 day moving average price of $54.18 and a 200-day moving average price of $54.81. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 24.09 and a beta of 0.64.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.05. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Expeditors International of Washington’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that Expeditors International of Washington, Inc. will post $2.36 EPS for the current year.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.42 dividend. The ex-dividend date was Tuesday, May 30th. This is a positive change from Expeditors International of Washington’s previous semiannual dividend of $0.40. This represents a dividend yield of 1.54%. Expeditors International of Washington’s payout ratio is currently 35.74%.

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EXPD has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on shares of Expeditors International of Washington in a research note on Monday, March 13th. They issued a “market perform” rating for the company. Vertical Research reiterated a “hold” rating and set a $63.00 price objective on shares of Expeditors International of Washington in a research note on Thursday, April 13th. Credit Suisse Group reiterated an “underperform” rating and set a $53.00 price objective (up from $52.00) on shares of Expeditors International of Washington in a research note on Monday, March 6th. Finally, Zacks Investment Research downgraded shares of Expeditors International of Washington from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Three equities research 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 presently has a consensus rating of “Hold” and a consensus price target of $57.20.

About Expeditors International of Washington

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.

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

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