Denali Advisors LLC Boosts Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Denali Advisors LLC grew its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,609 shares of the transportation company’s stock after purchasing an additional 504 shares during the period. Denali Advisors LLC’s holdings in Expeditors International of Washington were worth $560,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Optiver Holding B.V. acquired a new position in Expeditors International of Washington during the fourth quarter valued at approximately $27,000. CVA Family Office LLC purchased a new stake in shares of Expeditors International of Washington during the fourth quarter worth about $35,000. BKM Wealth Management LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $37,000. Planned Solutions Inc. acquired a new position in shares of Expeditors International of Washington in the fourth quarter worth about $37,000. Finally, Fortitude Family Office LLC purchased a new position in Expeditors International of Washington in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Insider Buying and Selling

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $123.67, for a total value of $1,001,727.00. Following the transaction, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now owns 14,085 shares in the company, valued at approximately $1,741,891.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Blake R. Bell sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $116.99, for a total value of $479,659.00. Following the transaction, the insider now owns 52,745 shares in the company, valued at $6,170,637.55. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Expeditors International of Washington Stock Up 2.2 %

Shares of NASDAQ:EXPD opened at $123.85 on Thursday. The company’s fifty day moving average is $120.31 and its two-hundred day moving average is $121.87. The company has a market cap of $17.49 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 5.64 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $107.03 and a 12-month high of $131.17.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 7th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. Expeditors International of Washington’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 4.89 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TD Cowen upped their price target on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Stifel Nicolaus increased their target price 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 report on Tuesday, May 28th. Robert W. Baird upped their price target on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective on the stock in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $113.44.

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.