Ascent Group LLC Raises Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Ascent Group LLC boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 311.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,321 shares of the transportation company's stock after purchasing an additional 10,084 shares during the quarter. Ascent Group LLC's holdings in Expeditors International of Washington were worth $1,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. First Eagle Investment Management LLC grew its holdings in shares of Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company's stock valued at $346,559,000 after buying an additional 82,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Expeditors International of Washington by 12.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after purchasing an additional 257,791 shares during the last quarter. Marshfield Associates raised its stake in shares of Expeditors International of Washington by 0.3% in the second quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company's stock worth $226,013,000 after purchasing an additional 5,712 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Expeditors International of Washington by 16.8% in the second quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock valued at $197,538,000 after purchasing an additional 227,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Expeditors International of Washington by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock valued at $159,595,000 after purchasing an additional 85,393 shares in the last quarter. Institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EXPD shares. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Barclays boosted their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Finally, TD Cowen increased 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 research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $118.44.

Expeditors International of Washington Trading Down 0.2 %

NASDAQ EXPD traded down $0.21 on Tuesday, hitting $121.26. The company's stock had a trading volume of 211,928 shares, compared to its average volume of 1,207,615. The company's 50-day simple moving average is $121.60 and its 200 day simple moving average is $122.00. The firm has a market cap of $16.97 billion, a P/E ratio of 23.60, a PEG ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business's revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. On average, research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently declared 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 dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington's dividend payout ratio (DPR) is currently 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.