B. Metzler seel. Sohn & Co. Holding AG Takes $1.69 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,824 shares of the transportation company's stock, valued at approximately $1,685,000.

Several other hedge funds have also added to or reduced their stakes in EXPD. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter valued at about $26,000. Innealta Capital LLC bought a new position in Expeditors International of Washington in the second quarter valued at approximately $31,000. Family Firm Inc. acquired a new position in shares of Expeditors International of Washington in the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expeditors International of Washington during the second quarter worth $52,000. Finally, Maia Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the third quarter worth $59,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the topic of several recent research reports. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price target for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen upped their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Barclays lifted their price objective on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Finally, Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded up $0.62 during mid-day trading on Friday, hitting $121.32. The stock had a trading volume of 901,870 shares, compared to its average volume of 1,318,087. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 3.47 and a beta of 0.98. The company's 50 day simple moving average is $121.86 and its 200 day simple moving average is $121.80.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. As a group, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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