Los Angeles Capital Management LLC Buys Shares of 96,223 Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Los Angeles Capital Management LLC bought a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 96,223 shares of the transportation company's stock, valued at approximately $12,644,000. Los Angeles Capital Management LLC owned 0.07% of Expeditors International of Washington at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Hara Capital LLC acquired a new stake in Expeditors International of Washington in the 3rd quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in Expeditors International of Washington in the first quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington in the second quarter valued at approximately $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington during the second quarter worth about $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Expeditors International of Washington during the 2nd quarter worth approximately $52,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on EXPD. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Bank of America boosted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. TD Cowen raised their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Finally, UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their target price for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $115.00.

Expeditors International of Washington Stock Down 0.2 %

EXPD traded down $0.24 during trading on Tuesday, hitting $119.30. The company's stock had a trading volume of 456,876 shares, compared to its average volume of 1,217,234. The firm has a market cap of $16.70 billion, a PE ratio of 23.30, a P/E/G ratio of 3.56 and a beta of 0.98. The business's 50 day simple moving average is $122.31 and its 200-day simple moving average is $121.47. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company's quarterly revenue was up 37.0% compared to the same quarter last year. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.3 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's payout ratio is presently 28.46%.

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.