Oddo BHF Asset Management Sas Takes $2.18 Million Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Oddo BHF Asset Management Sas bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 16,607 shares of the transportation company's stock, valued at approximately $2,182,000.

A number of other institutional investors have also recently made changes to their positions in the stock. First Eagle Investment Management LLC increased its position in shares of Expeditors International of Washington by 3.0% during the second quarter. First Eagle Investment Management LLC now owns 2,777,134 shares of the transportation company's stock worth $346,559,000 after buying an additional 82,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Expeditors International of Washington by 12.0% during 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 worth $315,485,000 after acquiring an additional 257,791 shares during the period. Marshfield Associates raised its position in shares of Expeditors International of Washington by 0.4% in the 3rd quarter. Marshfield Associates now owns 1,818,027 shares of the transportation company's stock worth $238,889,000 after acquiring an additional 6,878 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock valued at $197,538,000 after purchasing an additional 227,671 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Expeditors International of Washington by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,278,815 shares of the transportation company's stock worth $159,595,000 after purchasing an additional 85,393 shares during the period. Institutional investors own 94.02% of the company's stock.

Insider Buying and Selling

In related news, Director Robert Paul Carlile sold 3,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now directly owns 9,662 shares in the company, valued at approximately $1,170,164.82. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Barclays boosted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Finally, TD Cowen raised their price target on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a report 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of Expeditors International of Washington stock traded down $1.24 during trading hours on Friday, reaching $118.51. The company's stock had a trading volume of 858,479 shares, compared to its average volume of 1,202,196. The company has a market capitalization of $16.59 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.42 and a beta of 0.97. The stock's fifty day simple moving average is $120.45 and its two-hundred day simple moving average is $122.11. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. As a group, research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Dividend Announcement

The business 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 dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a dividend yield of 1.2%. Expeditors International of Washington's payout ratio is 28.46%.

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.