BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 70,174 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 50.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 210,227 shares of the transportation company's stock after acquiring an additional 70,174 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.15% of Expeditors International of Washington worth $27,624,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. D. E. Shaw & Co. Inc. increased its stake in Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock worth $51,089,000 after purchasing an additional 349,362 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after acquiring an additional 308,390 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after purchasing an additional 265,111 shares during the period. Assenagon Asset Management S.A. grew its position in Expeditors International of Washington by 140.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company's stock worth $57,702,000 after purchasing an additional 256,317 shares in the last quarter. Finally, 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. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXPD. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and increased their target price for the stock from $95.00 to $137.00 in a research report on Thursday, August 1st. TD Cowen boosted their target price on 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. Finally, Barclays raised their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $118.44.

Expeditors International of Washington Stock Up 0.5 %

Shares of Expeditors International of Washington stock opened at $121.32 on Friday. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The stock has a 50 day moving average price of $121.86 and a two-hundred day moving average price of $121.75. The stock has a market capitalization of $16.98 billion, a P/E ratio of 23.53, a PEG ratio of 3.47 and a beta of 0.98.

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, topping the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. Expeditors International of Washington's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. Sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 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 $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. 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.