7,075 Shares in Expeditors International of Washington, Inc. (NASDAQ:EXPD) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,075 shares of the transportation company's stock, valued at approximately $930,000.

A number of other large investors have also recently bought and sold shares of EXPD. Hara Capital LLC acquired a new position in shares of Expeditors International of Washington during the third quarter valued at $26,000. Innealta Capital LLC bought a new position in shares of 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 during the second quarter valued at approximately $35,000. Ashton Thomas Private Wealth LLC bought a new stake in Expeditors International of Washington during the second quarter worth approximately $52,000. Finally, Maia Wealth LLC acquired a new stake in Expeditors International of Washington in the third quarter worth approximately $59,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 0.7 %

NASDAQ EXPD traded down $0.80 during trading on Thursday, reaching $120.40. 1,027,410 shares of the company's stock were exchanged, compared to its average volume of 1,208,684. The firm has a market capitalization of $16.85 billion, a PE ratio of 23.63, a P/E/G ratio of 3.44 and a beta of 0.97. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The company's fifty day simple moving average is $121.34 and its 200-day simple moving average is $122.02.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 earnings per share. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued 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 currently 28.46%.

Wall Street Analyst Weigh In

EXPD has been the subject of several research reports. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Barclays increased their price objective on 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. Finally, TD Cowen lifted 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. 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 data from MarketBeat.com, Expeditors International of Washington presently has a consensus rating of "Hold" and an average 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.