Quantbot Technologies LP Grows Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Quantbot Technologies LP raised its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 773.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,504 shares of the transportation company's stock after purchasing an additional 8,416 shares during the quarter. Quantbot Technologies LP's holdings in Expeditors International of Washington were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Expeditors International of Washington by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 195,172 shares of the transportation company's stock worth $23,728,000 after acquiring an additional 2,724 shares during the period. Janus Henderson Group PLC grew its position in Expeditors International of Washington by 9.0% during the 1st quarter. Janus Henderson Group PLC now owns 27,573 shares of the transportation company's stock worth $3,352,000 after purchasing an additional 2,288 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Expeditors International of Washington by 22.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,917 shares of the transportation company's stock valued at $334,000 after buying an additional 541 shares during the last quarter. Swedbank AB acquired a new position in shares of Expeditors International of Washington in the 1st quarter valued at about $2,954,000. Finally, Atria Investments Inc boosted its stake in shares of Expeditors International of Washington by 9.5% in the first quarter. Atria Investments Inc now owns 27,834 shares of the transportation company's stock worth $3,384,000 after buying an additional 2,418 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Trading Up 0.3 %

EXPD traded up $0.39 during midday trading on Friday, hitting $121.64. 427,478 shares of the company traded hands, compared to its average volume of 1,277,434. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.45 and a beta of 0.98. The business has a 50 day simple moving average of $121.68 and a two-hundred day simple moving average of $121.95. Expeditors International of Washington, Inc. has a 52-week low of $111.20 and a 52-week high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last issued its quarterly 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company posted $1.16 EPS. Expeditors International of Washington's quarterly revenue was up 37.0% compared to the same quarter last year. Equities research analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.73 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's dividend payout ratio is currently 28.46%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EXPD shares. Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. TD Cowen lifted 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 report on Wednesday, November 6th. Benchmark reissued a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Finally, Barclays raised their price target 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. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $118.44.

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.