Expeditors International of Washington, Inc. (NASDAQ:EXPD) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 568,255 shares of the transportation company's stock after purchasing an additional 59,086 shares during the quarter. Nordea Investment Management AB owned approximately 0.41% of Expeditors International of Washington worth $63,224,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Black Diamond Financial LLC grew its stake in Expeditors International of Washington by 5.4% during the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company's stock worth $218,000 after buying an additional 89 shares during the last quarter. Blair William & Co. IL boosted its holdings in Expeditors International of Washington by 1.2% in the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company's stock worth $970,000 after acquiring an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company's stock worth $730,000 after acquiring an additional 104 shares during the last quarter. Lindenwold Advisors INC increased its holdings in shares of Expeditors International of Washington by 0.7% during the third 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 in the last quarter. Finally, Guardian Wealth Advisors LLC raised its position in shares of Expeditors International of Washington by 5.9% in the 3rd quarter. Guardian Wealth Advisors LLC now owns 2,050 shares of the transportation company's stock valued at $269,000 after purchasing an additional 115 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

Expeditors International of Washington Stock Up 1.1 %

Shares of EXPD traded up $1.20 during mid-day trading on Wednesday, reaching $112.60. The company had a trading volume of 986,459 shares, compared to its average volume of 916,392. The stock has a 50 day moving average of $117.33 and a two-hundred day moving average of $120.64. The stock has a market capitalization of $15.76 billion, a P/E ratio of 21.95, a PEG ratio of 3.36 and a beta of 0.97. Expeditors International of Washington, Inc. has a 52-week low of $109.43 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. The business's quarterly revenue was up 37.0% compared to the same quarter last year. On average, sell-side analysts expect 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 disclosed a semi-annual dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's dividend payout ratio (DPR) is currently 28.46%.

Insider Transactions at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total value of $363,330.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXPD. Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. TD Cowen boosted their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Finally, Barclays raised 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. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat, Expeditors International of Washington has a consensus rating of "Hold" and a consensus target price of $118.44.

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.