iA Global Asset Management Inc. Reduces Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

iA Global Asset Management Inc. decreased its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 31.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,813 shares of the transportation company's stock after selling 4,976 shares during the quarter. iA Global Asset Management Inc.'s holdings in Expeditors International of Washington were worth $1,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Expeditors International of Washington by 6.6% during 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 period. Assenagon Asset Management S.A. raised its position in Expeditors International of Washington by 62.5% during the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company's stock valued at $22,814,000 after acquiring an additional 70,329 shares in the last quarter. Cetera Advisors LLC purchased a new position in Expeditors International of Washington during the first quarter valued at approximately $729,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Expeditors International of Washington by 58.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company's stock valued at $3,439,000 after acquiring an additional 10,202 shares in the last quarter. Finally, Vest Financial LLC raised its position in Expeditors International of Washington by 34.3% during the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company's stock valued at $49,674,000 after acquiring an additional 101,710 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded up $1.48 during trading hours on Monday, hitting $120.76. The company's stock had a trading volume of 871,617 shares, compared to its average volume of 1,206,356. Expeditors International of Washington, Inc. has a twelve month low of $111.20 and a twelve month high of $131.59. The firm has a fifty day moving average of $121.01 and a 200-day moving average of $122.08. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 3.38 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The company's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. On average, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current fiscal year.

Expeditors International of Washington Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is 28.46%.

Wall Street Analysts Forecast Growth

EXPD has been the subject of several recent research reports. Barclays lifted their price target 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. Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. 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 investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $118.44.

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.