Investment Management Corp of Ontario Sells 21,355 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Investment Management Corp of Ontario lowered its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 57.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,807 shares of the transportation company's stock after selling 21,355 shares during the quarter. Investment Management Corp of Ontario's holdings in Expeditors International of Washington were worth $2,077,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in Expeditors International of Washington by 119.4% during the first quarter. Cetera Investment Advisers now owns 13,585 shares of the transportation company's stock valued at $1,652,000 after purchasing an additional 7,392 shares during the last quarter. Cetera Advisors LLC purchased a new position in Expeditors International of Washington in the first quarter worth $729,000. Mather Group LLC. increased its stake in Expeditors International of Washington by 8.4% in the second quarter. Mather Group LLC. now owns 2,315 shares of the transportation company's stock valued at $281,000 after acquiring an additional 180 shares during the last quarter. CWM LLC lifted its stake in Expeditors International of Washington by 3.4% during the second quarter. CWM LLC now owns 9,846 shares of the transportation company's stock worth $1,229,000 after purchasing an additional 326 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of Expeditors International of Washington by 5.1% in the 2nd quarter. Gateway Investment Advisers LLC now owns 9,013 shares of the transportation company's stock worth $1,125,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent research reports. Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. TD Cowen boosted their price objective on shares of 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. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their price objective 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 given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded down $0.75 during trading on Thursday, hitting $120.45. The company's stock had a trading volume of 1,027,410 shares, compared to its average volume of 1,208,767. Expeditors International of Washington, Inc. has a 52 week low of $111.20 and a 52 week high of $131.59. The company has a market capitalization of $16.86 billion, a PE ratio of 23.48, a P/E/G ratio of 3.44 and a beta of 0.97. The company has a fifty day simple moving average of $121.34 and a two-hundred day simple moving average of $122.02.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.30. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business's revenue was up 37.0% on a year-over-year basis. During the same period last year, the business earned $1.16 earnings per share. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's payout ratio is presently 28.46%.

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.