Franklin Resources Inc. Has $23.62 Million Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Franklin Resources Inc. grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,486 shares of the transportation company's stock after purchasing an additional 30,785 shares during the period. Franklin Resources Inc. owned approximately 0.14% of Expeditors International of Washington worth $23,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $109,536,000 after purchasing an additional 51,265 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Expeditors International of Washington during the 3rd quarter worth $4,363,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Expeditors International of Washington by 58.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company's stock worth $3,439,000 after purchasing an additional 10,202 shares during the last quarter. Vest Financial LLC grew its stake in shares of Expeditors International of Washington by 34.3% in the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company's stock worth $49,674,000 after acquiring an additional 101,710 shares during the last quarter. Finally, Plato Investment Management Ltd raised its stake in Expeditors International of Washington by 70.6% during the 2nd quarter. Plato Investment Management Ltd now owns 16,455 shares of the transportation company's stock valued at $2,053,000 after purchasing an additional 6,807 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded down $1.26 during midday trading on Friday, hitting $111.48. 2,355,744 shares of the company were exchanged, compared to its average volume of 1,205,566. The firm has a 50 day simple moving average of $119.98 and a 200-day simple moving average of $121.99. The firm has a market cap of $15.60 billion, a P/E ratio of 21.73, a PEG ratio of 3.42 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52 week low of $111.05 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued 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. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same period last year, the business earned $1.16 earnings per share. The business's revenue was up 37.0% on a year-over-year basis. Equities research analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is presently 28.46%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXPD. 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. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $118.44.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the completion of the sale, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company's stock.

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.