Belpointe Asset Management LLC Purchases Shares of 468 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Belpointe Asset Management LLC acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 468 shares of the transportation company’s stock, valued at approximately $49,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Expeditors International of Washington by 16.3% in the fourth quarter. UBS Group AG now owns 255,408 shares of the transportation company’s stock valued at $26,542,000 after purchasing an additional 35,809 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Expeditors International of Washington by 51.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 292,302 shares of the transportation company’s stock valued at $30,376,000 after purchasing an additional 99,099 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 134.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 15,567 shares of the transportation company’s stock valued at $1,618,000 after purchasing an additional 8,915 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Expeditors International of Washington by 0.7% in the fourth quarter. Nordea Investment Management AB now owns 1,760,359 shares of the transportation company’s stock valued at $184,398,000 after purchasing an additional 12,807 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. raised its holdings in shares of Expeditors International of Washington by 5.6% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 16,746 shares of the transportation company’s stock valued at $1,740,000 after purchasing an additional 888 shares during the last quarter. 93.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jeffrey S. Musser sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $109.76, for a total value of $1,097,600.00. Following the completion of the sale, the chief executive officer now owns 137,309 shares of the company’s stock, valued at $15,071,035.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Jeffrey F. Dickerman sold 1,608 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $117.89, for a total transaction of $189,567.12. Following the completion of the sale, the vice president now owns 5,484 shares of the company’s stock, valued at $646,508.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey S. Musser sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $109.76, for a total transaction of $1,097,600.00. Following the sale, the chief executive officer now directly owns 137,309 shares of the company’s stock, valued at approximately $15,071,035.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,036 shares of company stock valued at $2,871,599. 0.69% of the stock is owned by company insiders.

Expeditors International of Washington Price Performance

NASDAQ:EXPD opened at $114.55 on Wednesday. Expeditors International of Washington, Inc. has a one year low of $86.08 and a one year high of $119.90. The company has a market cap of $17.50 billion, a P/E ratio of 14.99 and a beta of 1.00. The firm’s fifty day moving average price is $110.37 and its two-hundred day moving average price is $109.80.

Expeditors International of Washington (NASDAQ:EXPD – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.33 by $0.12. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.91 billion. Expeditors International of Washington had a net margin of 8.25% and a return on equity of 37.24%. The company’s quarterly revenue was down 44.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 earnings per share. As a group, equities research analysts expect that Expeditors International of Washington, Inc. will post 5.42 earnings per share for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.69 dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 31st. This is a boost from Expeditors International of Washington’s previous Semi-Annual dividend of $0.67. Expeditors International of Washington’s payout ratio is presently 17.54%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXPD shares. Barclays boosted their target price on shares of Expeditors International of Washington from $90.00 to $95.00 in a report on Wednesday, May 3rd. Morgan Stanley lowered their target price on shares of Expeditors International of Washington from $87.00 to $86.00 and set an “underweight” rating on the stock in a report on Tuesday, April 4th. Wells Fargo & Company boosted their target price on shares of Expeditors International of Washington from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, February 22nd. Finally, StockNews.com started coverage on shares of Expeditors International of Washington in a report on Thursday, May 18th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $101.00.

Expeditors International of Washington Company Profile

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Expeditors International of Washington, Inc engages in the provision of global logistics services. The firm offers air freight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.