Marshfield Associates Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Marshfield Associates lifted its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,818,027 shares of the transportation company's stock after buying an additional 6,878 shares during the quarter. Expeditors International of Washington makes up about 5.1% of Marshfield Associates' holdings, making the stock its 11th biggest holding. Marshfield Associates owned 1.30% of Expeditors International of Washington worth $238,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in Expeditors International of Washington by 119.4% in the 1st quarter. Cetera Investment Advisers now owns 13,585 shares of the transportation company's stock worth $1,652,000 after purchasing an additional 7,392 shares in the last quarter. Czech National Bank boosted its stake in Expeditors International of Washington by 5.3% in the 2nd quarter. Czech National Bank now owns 26,930 shares of the transportation company's stock worth $3,361,000 after purchasing an additional 1,349 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Expeditors International of Washington by 10.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,566 shares of the transportation company's stock worth $320,000 after purchasing an additional 243 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Expeditors International of Washington by 136.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 89,790 shares of the transportation company's stock worth $11,205,000 after purchasing an additional 51,794 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in Expeditors International of Washington by 510.8% in the 2nd quarter. ORG Partners LLC now owns 2,602 shares of the transportation company's stock worth $315,000 after purchasing an additional 2,176 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EXPD shares. Barclays upped their price target on shares of 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. TD Cowen upped their target price on shares of 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. Finally, Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. 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, Expeditors International of Washington presently has an average rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded up $0.57 during trading on Tuesday, hitting $121.21. The company's stock had a trading volume of 820,903 shares, compared to its average volume of 1,204,734. The company has a 50-day moving average of $120.65 and a 200-day moving average of $122.13. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 3.38 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued 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 net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the prior year, the business earned $1.16 EPS. The business's quarterly revenue was up 37.0% on a year-over-year basis. As a group, research analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Expeditors International of Washington 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.