Wellington Management Group LLP Reduces Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Wellington Management Group LLP trimmed its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 15.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,187,645 shares of the transportation company's stock after selling 410,224 shares during the period. Wellington Management Group LLP owned approximately 1.56% of Expeditors International of Washington worth $287,457,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EXPD. Two Sigma Advisers LP lifted its position in Expeditors International of Washington by 1,497.4% during the third quarter. Two Sigma Advisers LP now owns 426,500 shares of the transportation company's stock valued at $56,042,000 after purchasing an additional 399,800 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Expeditors International of Washington by 581.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock valued at $51,089,000 after buying an additional 349,362 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Expeditors International of Washington by 2,286.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock valued at $42,295,000 after buying an additional 308,390 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Expeditors International of Washington by 15,046.0% in the third quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock worth $35,067,000 after buying an additional 265,111 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Expeditors International of Washington by 12.0% during the third 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 during the period. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Expeditors International of Washington Trading Down 1.0 %

EXPD traded down $1.17 during midday trading on Friday, hitting $119.28. 974,507 shares of the company traded hands, compared to its average volume of 1,022,427. The company has a market capitalization of $16.70 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.44 and a beta of 0.97. The business has a 50 day simple moving average of $121.01 and a two-hundred day simple moving average of $122.04. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly 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 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 period last year, the company posted $1.16 EPS. Expeditors International of Washington's quarterly revenue was up 37.0% compared to the same quarter last year. Equities research analysts anticipate 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 declared a semi-annual dividend, which will be paid on Monday, December 16th. Investors 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.