Cerity Partners LLC Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Cerity Partners LLC boosted its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 77,926 shares of the transportation company's stock after purchasing an additional 13,120 shares during the quarter. Cerity Partners LLC owned about 0.06% of Expeditors International of Washington worth $10,239,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EXPD. Advisors Asset Management Inc. boosted its position in shares of Expeditors International of Washington by 27.9% during the first quarter. Advisors Asset Management Inc. now owns 1,463 shares of the transportation company's stock valued at $178,000 after buying an additional 319 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Expeditors International of Washington by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 195,172 shares of the transportation company's stock valued at $23,728,000 after acquiring an additional 2,724 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Expeditors International of Washington by 9.0% in the first quarter. Janus Henderson Group PLC now owns 27,573 shares of the transportation company's stock worth $3,352,000 after acquiring an additional 2,288 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Expeditors International of Washington by 22.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,917 shares of the transportation company's stock valued at $334,000 after purchasing an additional 541 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Expeditors International of Washington by 2.8% during the first quarter. California State Teachers Retirement System now owns 271,051 shares of the transportation company's stock valued at $32,952,000 after purchasing an additional 7,491 shares during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Expeditors International of Washington Stock Down 0.3 %

NASDAQ:EXPD traded down $0.40 on Wednesday, reaching $121.25. 659,463 shares of the company's stock traded hands, compared to its average volume of 1,217,775. The stock has a 50-day simple moving average of $121.84 and a 200-day simple moving average of $121.90. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The firm has a market cap of $16.97 billion, a PE ratio of 23.69, a P/E/G ratio of 3.51 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business earned $1.16 earnings per share. Expeditors International of Washington's quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities 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 business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued 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 payout ratio is 28.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXPD shares. 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. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen upped their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and raised their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. 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 report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $118.44.

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.