Loomis Sayles & Co. L P Sells 184,909 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Loomis Sayles & Co. L P lowered its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,938,147 shares of the transportation company's stock after selling 184,909 shares during the quarter. Expeditors International of Washington makes up approximately 1.0% of Loomis Sayles & Co. L P's investment portfolio, making the stock its 23rd largest position. Loomis Sayles & Co. L P owned 4.24% of Expeditors International of Washington worth $780,272,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Black Diamond Financial LLC raised its position in Expeditors International of Washington by 5.4% in the second quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company's stock valued at $218,000 after purchasing an additional 89 shares during the last quarter. Blair William & Co. IL raised its holdings in Expeditors International of Washington by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company's stock valued at $970,000 after buying an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Expeditors International of Washington by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company's stock worth $730,000 after buying an additional 104 shares during the period. Values First Advisors Inc. grew its holdings in Expeditors International of Washington by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company's stock worth $2,069,000 after acquiring an additional 112 shares during the last quarter. Finally, Lindenwold Advisors INC increased its position in Expeditors International of Washington by 0.7% in the 3rd quarter. Lindenwold Advisors INC now owns 16,713 shares of the transportation company's stock valued at $2,196,000 after acquiring an additional 114 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPD has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Finally, Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of EXPD stock traded up $1.07 during trading hours on Monday, hitting $122.39. 1,651,938 shares of the company were exchanged, compared to its average volume of 1,220,624. The company has a 50 day simple moving average of $121.86 and a two-hundred day simple moving average of $121.84. The firm has a market cap of $17.13 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.48 and a beta of 0.98. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. As a group, sell-side analysts expect that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company 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 $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a yield of 1.2%. Expeditors International of Washington's payout ratio is currently 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.