Forsta AP Fonden Raises Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Forsta AP Fonden boosted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,200 shares of the transportation company's stock after purchasing an additional 6,000 shares during the quarter. Forsta AP Fonden owned about 0.06% of Expeditors International of Washington worth $9,216,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock worth $315,485,000 after acquiring an additional 257,791 shares in the last quarter. Marshfield Associates increased its position in shares of Expeditors International of Washington by 0.4% during the third quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company's stock valued at $238,889,000 after acquiring an additional 6,878 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Expeditors International of Washington by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,161,027 shares of the transportation company's stock worth $152,559,000 after acquiring an additional 4,044 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Expeditors International of Washington by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock worth $109,536,000 after purchasing an additional 51,265 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Expeditors International of Washington by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 803,807 shares of the transportation company's stock valued at $101,756,000 after purchasing an additional 9,007 shares during the period. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Trading Down 2.3 %

Shares of NASDAQ EXPD traded down $2.58 during mid-day trading on Monday, hitting $111.00. The company had a trading volume of 737,987 shares, compared to its average volume of 1,007,414. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 3.87 and a beta of 0.98. The stock's 50-day moving average price is $114.77 and its 200-day moving average price is $119.39.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. The company's quarterly revenue was up 37.0% compared to the same quarter last year. As a group, equities research analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington's dividend payout ratio is presently 28.46%.

Analyst Ratings Changes

EXPD has been the topic of a number of research analyst reports. StockNews.com raised shares of Expeditors International of Washington from a "hold" rating to a "buy" rating in a report on Tuesday, January 28th. Stifel Nicolaus reduced their target price on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Bank of America lowered their price target on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Finally, Barclays boosted their target price 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 analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $117.44.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, the director now owns 9,662 shares of the company's stock, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.75% of the company's stock.

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.