Oak Asset Management LLC Has $2.38 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Oak Asset Management LLC reduced its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,604 shares of the transportation company’s stock after selling 1,080 shares during the period. Oak Asset Management LLC’s holdings in Expeditors International of Washington were worth $2,383,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Optiver Holding B.V. bought a new position in Expeditors International of Washington during the 4th quarter worth $27,000. CVA Family Office LLC bought a new position in Expeditors International of Washington during the 4th quarter worth $35,000. BKM Wealth Management LLC bought a new position in Expeditors International of Washington during the 4th quarter worth $37,000. Planned Solutions Inc. bought a new position in Expeditors International of Washington during the 4th quarter worth $37,000. Finally, Fortitude Family Office LLC bought a new position in Expeditors International of Washington during the 4th quarter worth $38,000. 94.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Expeditors International of Washington

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, insider Blake R. Bell sold 4,100 shares of Expeditors International of Washington 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 completion of the transaction, the insider now owns 52,745 shares in the company, valued at approximately $6,170,637.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Emmert sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $123.67, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EXPD. BNP Paribas raised Expeditors International of Washington from an “underperform” rating to a “neutral” rating and set a $112.00 price objective for the company in a research report on Tuesday, May 14th. Stifel Nicolaus lifted their price objective 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 research report on Tuesday, May 28th. Bank of America lifted their price objective on Expeditors International of Washington from $126.00 to $131.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Finally, TD Cowen lifted their price objective on Expeditors International of Washington from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $111.88.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock opened at $124.79 on Monday. Expeditors International of Washington, Inc. has a one year low of $107.03 and a one year high of $131.17. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 5.81 and a beta of 0.98. The business has a 50-day simple moving average of $119.79 and a 200 day simple moving average of $121.89.

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. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 4.89 EPS 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. Shareholders of record on Monday, June 3rd were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a yield of 1.2%. This is an increase from Expeditors International of Washington’s previous semi-annual dividend of $0.69. Expeditors International of Washington’s payout ratio is 30.93%.

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.