Janney Montgomery Scott LLC Invests $11.22 Million in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Janney Montgomery Scott LLC acquired a new stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 101,282 shares of the transportation company's stock, valued at approximately $11,219,000. Janney Montgomery Scott LLC owned 0.07% of Expeditors International of Washington as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Expeditors International of Washington by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock valued at $109,536,000 after acquiring an additional 51,265 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Expeditors International of Washington during the third quarter valued at approximately $4,363,000. Franklin Resources Inc. grew its stake in Expeditors International of Washington by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock worth $23,623,000 after buying an additional 30,785 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Expeditors International of Washington in the 4th quarter worth $1,329,000. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Expeditors International of Washington during the 4th quarter valued at $342,000. Hedge funds and other institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Stock Up 2.0 %

Shares of Expeditors International of Washington stock traded up $2.30 during trading on Monday, reaching $115.29. 865,574 shares of the stock were exchanged, compared to its average volume of 1,053,895. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 3.81 and a beta of 0.99. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The stock's fifty day moving average is $115.33 and its 200 day moving average is $119.62.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter last year, the business posted $1.16 EPS. The business's revenue was up 37.0% on a year-over-year basis. Equities analysts forecast that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen increased their target price on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Barclays raised their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus cut their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $117.44.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% 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.