Caisse DE Depot ET Placement DU Quebec Has $13.20 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Caisse DE Depot ET Placement DU Quebec cut its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 72.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,471 shares of the transportation company's stock after selling 270,192 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.07% of Expeditors International of Washington worth $13,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXPD. Hara Capital LLC bought a new stake in shares of Expeditors International of Washington in the third quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington during the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington in the second quarter valued at $52,000. Finally, Maia Wealth LLC bought a new position in Expeditors International of Washington in the third quarter worth $59,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXPD has been the subject of a number of analyst reports. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Finally, Barclays boosted their price target on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded down $0.17 on Monday, reaching $121.47. The company's stock had a trading volume of 653,840 shares, compared to its average volume of 1,211,940. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The company has a market cap of $17.00 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.45 and a beta of 0.98. The business's fifty day moving average price is $121.68 and its 200 day moving average price is $121.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company's revenue was up 37.0% on a year-over-year basis. As a group, equities 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 company 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 $0.73 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington's payout ratio is 28.46%.

About Expeditors International of Washington

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.