ING Groep NV Reduces Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

ING Groep NV lessened its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 48.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,875 shares of the transportation company's stock after selling 9,132 shares during the period. ING Groep NV's holdings in Expeditors International of Washington were worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPD. Crewe Advisors LLC purchased a new stake in shares of Expeditors International of Washington in the 1st quarter worth approximately $25,000. Hara Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 3rd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington in the 2nd quarter worth approximately $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Expeditors International of Washington in the 2nd quarter valued at approximately $52,000. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 0.3 %

EXPD traded up $0.35 on Monday, hitting $120.51. The company had a trading volume of 470,492 shares, compared to its average volume of 1,216,848. The company has a market cap of $16.87 billion, a PE ratio of 23.42, a PEG ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59. The business's fifty day simple moving average is $122.06 and its 200 day simple moving average is $121.67.

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, topping the consensus estimate of $1.33 by $0.30. The company had revenue of $3 billion during 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 firm's revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.37 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EXPD shares. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price objective for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Bank of America upped their price objective on Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Finally, TD Cowen raised their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Company 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.