Radnor Capital Management LLC Makes New Investment in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Radnor Capital Management LLC acquired a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,850 shares of the transportation company's stock, valued at approximately $637,000.

Other large investors have also bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Expeditors International of Washington in the 1st quarter valued at approximately $2,954,000. Banco Santander S.A. increased its holdings in shares of Expeditors International of Washington by 141.0% during the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company's stock worth $10,930,000 after buying an additional 52,603 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Expeditors International of Washington in the 1st quarter valued at $1,305,000. Assenagon Asset Management S.A. boosted its holdings in shares of Expeditors International of Washington by 62.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company's stock valued at $22,814,000 after acquiring an additional 70,329 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Expeditors International of Washington by 439.5% during the 1st quarter. SG Americas Securities LLC now owns 43,735 shares of the transportation company's stock worth $5,317,000 after acquiring an additional 35,629 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Expeditors International of Washington Price Performance

Shares of EXPD traded up $1.53 during trading hours on Thursday, hitting $120.94. The stock had a trading volume of 533,710 shares, compared to its average volume of 1,218,050. Expeditors International of Washington, Inc. has a 1-year low of $110.01 and a 1-year high of $131.59. The firm has a market capitalization of $17.07 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 5.08 and a beta of 0.98. The firm has a 50 day simple moving average of $122.50 and a 200-day simple moving average of $121.28.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. Equities analysts predict that Expeditors International of Washington, Inc. will post 5.04 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.73 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 2nd. Expeditors International of Washington's dividend payout ratio is currently 31.33%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EXPD shares. Bank of America lifted their price target on Expeditors International of Washington from $131.00 to $132.00 and gave the company a "neutral" rating in a research note on Monday, July 22nd. Barclays upped 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. Wolfe Research cut shares of 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, UBS Group upgraded Expeditors International of Washington from a "sell" rating to a "neutral" rating and upped their price target for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Five analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Expeditors International of Washington currently has an average rating of "Hold" and an average price target of $115.00.

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.