Redwood Investment Management LLC Sells 9,997 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Redwood Investment Management LLC cut its holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,505 shares of the transportation company's stock after selling 9,997 shares during the period. Redwood Investment Management LLC's holdings in Expeditors International of Washington were worth $4,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Expeditors International of Washington by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 833,610 shares of the transportation company's stock worth $109,536,000 after buying an additional 51,265 shares during the period. Assenagon Asset Management S.A. grew its position 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 purchasing an additional 70,329 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Expeditors International of Washington during the 1st quarter valued at $729,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Expeditors International of Washington by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,561 shares of the transportation company's stock worth $3,439,000 after purchasing an additional 10,202 shares during the period. Finally, Vest Financial LLC raised its position in shares of Expeditors International of Washington by 34.3% in the second quarter. Vest Financial LLC now owns 398,061 shares of the transportation company's stock worth $49,674,000 after buying an additional 101,710 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded down $0.75 during mid-day trading on Thursday, reaching $120.45. The stock had a trading volume of 1,027,410 shares, compared to its average volume of 1,208,767. The firm has a 50 day moving average price of $121.34 and a two-hundred day moving average price of $122.02. The stock has a market capitalization of $16.86 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.44 and a beta of 0.97. 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 released its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.47 billion. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. Expeditors International of Washington's quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. Research analysts forecast that Expeditors International of Washington, Inc. will post 5.43 earnings per share for the current year.

Expeditors International of Washington Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given 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 currently 28.46%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. TD Cowen boosted their price objective on Expeditors International of Washington from $106.00 to $108.00 and gave the stock 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, Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Four equities 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, the stock has an average rating of "Hold" and an average target price of $118.44.

Expeditors International of Washington 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.