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

Procyon Advisors LLC raised its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 7.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,467 shares of the transportation company’s stock after buying an additional 1,191 shares during the period. Procyon Advisors LLC’s holdings in Expeditors International of Washington were worth $2,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC boosted its stake in shares of Expeditors International of Washington by 0.6% during the 4th quarter. Capital Analysts LLC now owns 14,137 shares of the transportation company’s stock worth $1,798,000 after acquiring an additional 80 shares in the last quarter. IMPACTfolio LLC grew its holdings in Expeditors International of Washington by 4.4% in the fourth quarter. IMPACTfolio LLC now owns 1,949 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 82 shares during the period. Wealthsource Partners LLC grew its holdings in Expeditors International of Washington by 3.3% in the fourth quarter. Wealthsource Partners LLC now owns 2,956 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 95 shares during the period. Cape ANN Savings Bank increased its position in shares of Expeditors International of Washington by 2.9% in the fourth quarter. Cape ANN Savings Bank now owns 3,379 shares of the transportation company’s stock valued at $427,000 after buying an additional 95 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Expeditors International of Washington by 12.2% during the 4th quarter. Global Retirement Partners LLC now owns 963 shares of the transportation company’s stock worth $123,000 after buying an additional 105 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Insider Buying and Selling at Expeditors International of Washington

In related news, Director Mark A. Emmert sold 8,100 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 14,085 shares of the company’s stock, valued at approximately $1,741,891.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Expeditors International of Washington news, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 14,085 shares in the company, valued at $1,741,891.95. The sale 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 stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.99, for a total transaction of $479,659.00. Following the sale, the insider now directly owns 52,745 shares in the company, valued at approximately $6,170,637.55. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Expeditors International of Washington Stock Down 1.0 %

NASDAQ EXPD opened at $125.99 on Friday. Expeditors International of Washington, Inc. has a 52 week low of $107.03 and a 52 week high of $131.17. The business’s fifty day simple moving average is $119.59 and its 200-day simple moving average is $121.86. The firm has a market cap of $17.80 billion, a PE ratio of 26.96, a P/E/G ratio of 5.93 and a beta of 0.99.

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

Expeditors International of Washington Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.73 per share. This is a boost from Expeditors International of Washington’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Monday, June 3rd. This represents a yield of 1.2%. Expeditors International of Washington’s dividend payout ratio (DPR) is 30.93%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EXPD. Wolfe Research raised shares of Expeditors International of Washington from an “underperform” rating to a “peer perform” rating in a report on Tuesday, May 28th. Stifel Nicolaus upped their price target on shares of 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. Susquehanna raised their price target on shares of Expeditors International of Washington from $112.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. TD Cowen increased their target price on Expeditors International of Washington from $111.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Finally, BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price target on the stock in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.88.

Expeditors International of Washington Company 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.