KBC Group NV Acquires 303,438 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

KBC Group NV grew its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 836.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 339,705 shares of the transportation company's stock after purchasing an additional 303,438 shares during the period. KBC Group NV owned approximately 0.24% of Expeditors International of Washington worth $37,629,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased 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 valued at $109,536,000 after purchasing an additional 51,265 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Expeditors International of Washington during the third quarter valued at $4,363,000. Franklin Resources Inc. increased its holdings in shares of Expeditors International of Washington by 18.9% during the third quarter. Franklin Resources Inc. now owns 193,486 shares of the transportation company's stock valued at $23,623,000 after purchasing an additional 30,785 shares during the period. Pensionfund Sabic bought a new position in Expeditors International of Washington during the fourth quarter valued at about $1,329,000. Finally, Beaumont Financial Advisors LLC bought a new position in Expeditors International of Washington during the fourth quarter valued at about $342,000. 94.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total transaction 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 $1,170,164.82. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.69% of the company's stock.

Expeditors International of Washington Trading Down 1.0 %

NASDAQ EXPD traded down $1.11 during trading on Tuesday, reaching $114.21. 768,256 shares of the company's stock were exchanged, compared to its average volume of 1,037,439. Expeditors International of Washington, Inc. has a fifty-two week low of $108.36 and a fifty-two week high of $131.59. The firm has a market capitalization of $15.99 billion, a PE ratio of 22.26, a P/E/G ratio of 3.81 and a beta of 0.99. The company's fifty day simple moving average is $115.23 and its 200-day simple moving average is $119.57.

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

Expeditors International of Washington Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington's payout ratio is presently 28.46%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EXPD shares. Bank of America decreased 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. Stifel Nicolaus decreased their target price on Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, January 23rd. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. TD Cowen increased their price target 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. Finally, Barclays increased 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. 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, the stock presently has a consensus rating of "Hold" and an average target price of $117.44.

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.