Entropy Technologies LP Decreases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Entropy Technologies LP lessened its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 87.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,595 shares of the transportation company's stock after selling 25,929 shares during the period. Entropy Technologies LP's holdings in Expeditors International of Washington were worth $472,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hara Capital LLC purchased a new position in Expeditors International of Washington during the third quarter worth $26,000. Crewe Advisors LLC purchased a new position in Expeditors International of Washington during the first quarter worth $25,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington during the second quarter worth $31,000. Family Firm Inc. purchased a new position in Expeditors International of Washington during the second quarter worth $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Expeditors International of Washington during the second quarter worth $52,000. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

EXPD has been the subject of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Barclays upped their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Bank of America upped their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the stock a "neutral" rating in a report on Monday, July 22nd. TD Cowen upped their price target on shares of 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, UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price target for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat, Expeditors International of Washington currently has a consensus rating of "Hold" and a consensus price target of $118.44.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock traded down $0.80 during midday trading on Friday, hitting $120.16. 1,096,899 shares of the company's stock were exchanged, compared to its average volume of 1,220,210. 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 50-day moving average of $122.06 and a two-hundred day moving average of $121.54. The company has a market cap of $16.82 billion, a PE ratio of 23.42, a P/E/G ratio of 3.43 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating the consensus estimate 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 net margin of 7.39% and a return on equity of 32.12%. The company's quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. As a group, equities analysts expect that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Expeditors International of Washington 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.