Oak Thistle LLC Takes Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Oak Thistle LLC bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,823 shares of the transportation company's stock, valued at approximately $534,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hara Capital LLC acquired a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Expeditors International of Washington in the third quarter valued at approximately $57,000. Maia Wealth LLC acquired a new stake in Expeditors International of Washington in the third quarter worth $59,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Expeditors International of Washington by 174.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock worth $62,000 after purchasing an additional 300 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Expeditors International of Washington by 315.6% in the 2nd quarter. Quarry LP now owns 561 shares of the transportation company's stock valued at $70,000 after buying an additional 426 shares during the period. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $0.93 during mid-day trading on Friday, hitting $110.28. 1,701,693 shares of the company's stock were exchanged, compared to its average volume of 1,146,808. The company has a 50-day simple moving average of $116.25 and a 200 day simple moving average of $120.04. The company has a market cap of $15.44 billion, a PE ratio of 21.50, a P/E/G ratio of 3.18 and a beta of 0.99. Expeditors International of Washington, Inc. has a 52 week low of $108.36 and a 52 week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The firm's revenue for the quarter was up 37.0% compared to the same quarter last year. On average, analysts anticipate that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

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

Analyst Upgrades and Downgrades

EXPD has been the topic of several research analyst reports. Barclays raised 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. TD Cowen boosted their price objective on 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. Bank of America lowered their target price on Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Wolfe Research lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat, Expeditors International of Washington presently has an average rating of "Hold" and a consensus target price of $117.11.

Insider Activity at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the sale, the director now directly owns 9,662 shares of the company's stock, valued at approximately $1,170,164.82. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company's stock.

Expeditors International of Washington Company 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.