National Pension Service Buys 19,065 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

National Pension Service lifted its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 240,057 shares of the transportation company's stock after acquiring an additional 19,065 shares during the quarter. National Pension Service owned about 0.17% of Expeditors International of Washington worth $31,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EXPD. Crewe Advisors LLC acquired a new stake in shares of Expeditors International of Washington during the 1st quarter valued at $25,000. Innealta Capital LLC bought a new position in Expeditors International of Washington in the 2nd quarter worth $31,000. Family Firm Inc. acquired a new stake in Expeditors International of Washington in the 2nd quarter worth $35,000. ORG Partners LLC grew its position in Expeditors International of Washington by 752.0% in the 1st quarter. ORG Partners LLC now owns 426 shares of the transportation company's stock worth $51,000 after purchasing an additional 376 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on EXPD shares. Bank of America boosted their price target on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. 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. UBS Group upgraded shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price target for the company from $95.00 to $137.00 in a report on Thursday, August 1st. Finally, Barclays increased their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $115.00.

Expeditors International of Washington Price Performance

EXPD stock traded up $0.11 during midday trading on Friday, reaching $120.10. The company had a trading volume of 675,290 shares, compared to its average volume of 1,219,567. Expeditors International of Washington, Inc. has a 1 year low of $111.20 and a 1 year high of $131.59. The company has a market capitalization of $16.95 billion, a P/E ratio of 25.74, a P/E/G ratio of 5.08 and a beta of 0.98. The firm has a 50-day moving average price of $122.45 and a 200-day moving average price of $121.27.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings results 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 net margin of 7.40% and a return on equity of 29.15%. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the previous year, the company earned $1.16 EPS. The business's quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.04 EPS for the current year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.73 dividend. The ex-dividend date is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is 31.33%.

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.