Assenagon Asset Management S.A. Sells 259,597 Shares of Expeditors International of Washington, Inc. $EXPD

by · The Cerbat Gem

Assenagon Asset Management S.A. reduced its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report) by 76.8% in the first quarter, Holdings Channel.com reports. The firm owned 78,398 shares of the transportation company’s stock after selling 259,597 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Expeditors International of Washington were worth $11,229,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cidel Asset Management Inc. grew its holdings in shares of Expeditors International of Washington by 15.1% in the first quarter. Cidel Asset Management Inc. now owns 1,887 shares of the transportation company’s stock worth $270,000 after purchasing an additional 247 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Expeditors International of Washington by 837.2% during the first quarter. SG Americas Securities LLC now owns 213,627 shares of the transportation company’s stock valued at $30,598,000 after acquiring an additional 190,832 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of Expeditors International of Washington during the first quarter valued at about $3,680,000. Triad Wealth Partners LLC boosted its holdings in shares of Expeditors International of Washington by 4.0% during the first quarter. Triad Wealth Partners LLC now owns 4,480 shares of the transportation company’s stock worth $642,000 after purchasing an additional 171 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Expeditors International of Washington by 71.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,619 shares of the transportation company’s stock worth $2,524,000 after purchasing an additional 7,334 shares during the period. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 0.6%

EXPD stock opened at $160.66 on Friday. Expeditors International of Washington, Inc. has a twelve month low of $110.48 and a twelve month high of $168.52. The firm has a market cap of $21.01 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 5.00 and a beta of 1.05. The business has a 50 day moving average of $156.97 and a 200 day moving average of $153.05.

Expeditors International of Washington (NASDAQ:EXPD – Get Free Report) last issued its earnings results on Tuesday, May 5th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. Expeditors International of Washington’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 earnings per share. On average, research analysts expect that Expeditors International of Washington, Inc. will post 5.39 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 101.0%. Expeditors International of Washington’s payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of recent analyst reports. UBS Group upped their price target on Expeditors International of Washington from $166.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wolfe Research upgraded Expeditors International of Washington from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Susquehanna boosted their target price on Expeditors International of Washington from $142.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Zacks Research upgraded Expeditors International of Washington from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Barclays raised their price target on Expeditors International of Washington from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $138.80.

Read Our Latest Research Report on EXPD

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

See Also

Want to see what other hedge funds are holding EXPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expeditors International of Washington, Inc. (NASDAQ:EXPD – Free Report).