SVB Wealth LLC Has $354,000 Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SVB Wealth LLC decreased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 22.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,911 shares of the transportation company’s stock after selling 821 shares during the period. SVB Wealth LLC’s holdings in Expeditors International of Washington were worth $354,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of EXPD. Crewe Advisors LLC bought a new position in shares of Expeditors International of Washington in the first quarter worth $25,000. Optiver Holding B.V. bought a new stake in Expeditors International of Washington during the 4th quarter worth $27,000. ORG Partners LLC raised its position in Expeditors International of Washington by 752.0% in the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 376 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the fourth quarter valued at about $55,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Expeditors International of Washington during the first quarter valued at about $78,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Activity

In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of Expeditors International of Washington stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $123.67, for a total transaction of $1,001,727.00. Following the transaction, the director now directly owns 14,085 shares in the company, valued at approximately $1,741,891.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the transaction, the insider now directly owns 52,745 shares in the company, valued at $6,170,637.55. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EXPD. BNP Paribas upgraded shares of Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a report on Tuesday, May 14th. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Stifel Nicolaus raised 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. Bank of America increased their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Susquehanna lifted their price objective on Expeditors International of Washington from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $113.56.

Expeditors International of Washington Stock Up 0.8 %

EXPD traded up $0.94 during midday trading on Tuesday, hitting $125.41. The company had a trading volume of 69,927 shares, compared to its average volume of 1,296,211. The stock’s 50 day moving average price is $122.58 and its 200 day moving average price is $121.21. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 5.29 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD) last issued its earnings results on Tuesday, May 7th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. Expeditors International of Washington had a return on equity of 28.89% and a net margin of 7.81%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company posted $1.45 EPS. The firm’s revenue was down 14.9% compared to the same quarter last year. Research analysts predict that Expeditors International of Washington, Inc. will post 4.99 EPS for the current year.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid 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 was Monday, June 3rd. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

About Expeditors International of Washington

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.