Quest Partners LLC Trims Stock Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Quest Partners LLC reduced its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 43.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,374 shares of the transportation company's stock after selling 7,233 shares during the quarter. Quest Partners LLC's holdings in Expeditors International of Washington were worth $1,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in shares of Expeditors International of Washington during the 1st quarter valued at about $25,000. Hara Capital LLC bought a new position in shares of Expeditors International of Washington during the 3rd quarter worth approximately $26,000. Innealta Capital LLC acquired a new stake in shares of Expeditors International of Washington during the 2nd quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Expeditors International of Washington in the 2nd quarter valued at $35,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Expeditors International of Washington during the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded up $0.86 during trading hours on Wednesday, hitting $118.89. 851,631 shares of the company's stock traded hands, compared to its average volume of 1,218,583. The company has a fifty day simple moving average of $121.94 and a 200-day simple moving average of $121.74. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12-month low of $111.20 and a 12-month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. The business had revenue of $3 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 earnings per share. On average, analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. UBS Group raised shares of Expeditors International of Washington from a "sell" rating to a "neutral" rating and raised their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Wolfe Research downgraded Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research report on Wednesday, August 7th. Finally, TD Cowen increased their price target 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. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Expeditors International of Washington currently has an average 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.