Royal London Asset Management Ltd. Decreases Holdings in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Royal London Asset Management Ltd. trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 419,231 shares of the transportation company's stock after selling 44,737 shares during the quarter. Royal London Asset Management Ltd. owned 0.30% of Expeditors International of Washington worth $55,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EXPD. Hara Capital LLC purchased a new position in Expeditors International of Washington in the third quarter worth $26,000. Innealta Capital LLC purchased a new position in shares of Expeditors International of Washington in the 2nd quarter worth about $31,000. Family Firm Inc. bought a new position in Expeditors International of Washington during the second quarter valued at about $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in Expeditors International of Washington during the second quarter worth about $52,000. Finally, Maia Wealth LLC bought a new stake in Expeditors International of Washington in the third quarter worth about $59,000. Institutional investors own 94.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EXPD shares. TD Cowen increased their target price on shares of 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. Barclays increased their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Finally, Wolfe Research lowered Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $118.44.

Expeditors International of Washington Price Performance

Shares of EXPD traded down $1.20 during midday trading on Friday, hitting $119.25. 974,506 shares of the company traded hands, compared to its average volume of 1,207,775. The stock has a 50-day moving average of $121.20 and a 200-day moving average of $122.01. Expeditors International of Washington, Inc. has a one year low of $111.20 and a one year high of $131.59. The firm has a market cap of $16.69 billion, a P/E ratio of 23.47, a PEG ratio of 3.44 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.30. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.47 billion. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The business's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. Sell-side analysts forecast that Expeditors International of Washington, Inc. will post 5.43 EPS for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.73 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, December 2nd. Expeditors International of Washington's payout ratio is 28.46%.

Expeditors International of Washington Company 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.