Quantinno Capital Management LP Purchases 5,730 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Quantinno Capital Management LP lifted its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 23.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,879 shares of the transportation company's stock after purchasing an additional 5,730 shares during the quarter. Quantinno Capital Management LP's holdings in Expeditors International of Washington were worth $3,926,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the 3rd quarter worth $26,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington in the second quarter worth about $31,000. Family Firm Inc. bought a new stake in Expeditors International of Washington during the second quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in Expeditors International of Washington during the second quarter valued at approximately $52,000. Finally, Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington in the 3rd quarter valued at approximately $59,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Expeditors International of Washington Price Performance

EXPD stock traded up $1.48 during mid-day trading on Monday, reaching $120.76. The company had a trading volume of 871,556 shares, compared to its average volume of 1,205,158. The firm has a 50 day moving average of $121.01 and a 200 day moving average of $122.08. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59. The company has a market capitalization of $16.90 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.38 and a beta of 0.98.

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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the business posted $1.16 EPS. Expeditors International of Washington's quarterly revenue was up 37.0% on a year-over-year basis. Analysts anticipate that Expeditors International of Washington, Inc. will post 5.43 EPS for the current year.

Expeditors International of Washington Announces Dividend

The firm 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 (DPR) is presently 28.46%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on 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. Wolfe Research downgraded shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Finally, TD Cowen lifted 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 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 currently has a consensus rating of "Hold" and an average price target of $118.44.

About Expeditors International of Washington

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.