Robeco Institutional Asset Management B.V. Acquires 65,186 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 33.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 262,818 shares of the transportation company's stock after purchasing an additional 65,186 shares during the period. Robeco Institutional Asset Management B.V. owned 0.19% of Expeditors International of Washington worth $34,534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Black Diamond Financial LLC raised its position in Expeditors International of Washington by 5.4% in the 2nd quarter. Black Diamond Financial LLC now owns 1,748 shares of the transportation company's stock worth $218,000 after purchasing an additional 89 shares during the last quarter. Blair William & Co. IL raised its position in shares of Expeditors International of Washington by 1.2% during the second quarter. Blair William & Co. IL now owns 7,776 shares of the transportation company's stock worth $970,000 after acquiring an additional 95 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Expeditors International of Washington by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,853 shares of the transportation company's stock worth $730,000 after acquiring an additional 104 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Expeditors International of Washington by 0.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,827 shares of the transportation company's stock valued at $2,775,000 after acquiring an additional 106 shares during the period. Finally, Values First Advisors Inc. increased its position in Expeditors International of Washington by 0.7% in the second quarter. Values First Advisors Inc. now owns 16,582 shares of the transportation company's stock worth $2,069,000 after purchasing an additional 112 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXPD has been the topic of a number of research reports. Barclays upped their target price 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 lowered shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Bank of America increased 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. TD Cowen raised their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday. Finally, Benchmark reiterated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $115.00.

Expeditors International of Washington Stock Performance

NASDAQ:EXPD traded down $2.61 on Wednesday, reaching $119.41. The company's stock had a trading volume of 3,120,079 shares, compared to its average volume of 1,221,328. Expeditors International of Washington, Inc. has a 1-year low of $107.03 and a 1-year high of $131.59. The business's 50-day moving average price is $122.56 and its two-hundred day moving average price is $121.29. The firm has a market cap of $16.85 billion, a PE ratio of 24.67, a PEG ratio of 5.03 and a beta of 0.98.

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

Expeditors International of Washington Dividend Announcement

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

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.