Benjamin Edwards Inc. Purchases 61,051 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Benjamin Edwards Inc. raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6,123.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,048 shares of the transportation company's stock after buying an additional 61,051 shares during the quarter. Benjamin Edwards Inc.'s holdings in Expeditors International of Washington were worth $8,153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Hara Capital LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington in the second quarter valued at $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in Expeditors International of Washington during the 2nd quarter worth about $52,000. Finally, Maia Wealth LLC bought a new position in Expeditors International of Washington in the 3rd quarter worth about $59,000. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Down 0.2 %

EXPD stock traded down $0.21 during trading on Tuesday, hitting $121.26. The company had a trading volume of 211,928 shares, compared to its average volume of 1,207,615. The firm has a market capitalization 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. The company has a 50 day simple moving average of $121.60 and a 200-day simple moving average of $122.00.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. The business 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%. Expeditors International of Washington's revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on EXPD shares. TD Cowen raised their price target 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. Barclays increased their price target on shares of 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. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. 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 investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington has an average rating of "Hold" and an average target price of $118.44.

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.