National Bank of Canada FI Boosts Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

National Bank of Canada FI increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 65.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,192 shares of the transportation company's stock after buying an additional 33,038 shares during the quarter. National Bank of Canada FI owned about 0.06% of Expeditors International of Washington worth $10,931,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC increased its stake in Expeditors International of Washington by 3.0% in the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company's stock valued at $346,559,000 after acquiring an additional 82,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Expeditors International of Washington by 12.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,400,949 shares of the transportation company's stock valued at $315,485,000 after purchasing an additional 257,791 shares during the last quarter. Marshfield Associates raised its holdings in shares of Expeditors International of Washington by 0.3% during the 2nd quarter. Marshfield Associates now owns 1,811,149 shares of the transportation company's stock worth $226,013,000 after buying an additional 5,712 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Expeditors International of Washington by 16.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock worth $197,538,000 after buying an additional 227,671 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Expeditors International of Washington by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock worth $159,595,000 after buying an additional 85,393 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Insider Buying and Selling

In other news, Director Robert Paul Carlile sold 3,000 shares of the firm'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 value of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barclays boosted their target price 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. Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Finally, TD Cowen raised 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 report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded down $0.69 during midday trading on Wednesday, reaching $120.41. The company had a trading volume of 1,023,408 shares, compared to its average volume of 1,203,979. The firm has a market cap of $16.85 billion, a PE ratio of 23.63, a P/E/G ratio of 3.38 and a beta of 0.97. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The stock has a fifty day moving average price of $120.65 and a 200 day moving average price of $122.13.

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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the business earned $1.16 EPS. The firm's revenue was up 37.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS 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 given a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington's 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.