SG Americas Securities LLC Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

SG Americas Securities LLC raised its position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 406.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,024 shares of the transportation company's stock after purchasing an additional 28,107 shares during the period. SG Americas Securities LLC's holdings in Expeditors International of Washington were worth $3,880,000 at the end of the most recent reporting period.

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 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Expeditors International of Washington during the third quarter valued at about $57,000. Maia Wealth LLC bought a new stake in Expeditors International of Washington during the third quarter worth about $59,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Expeditors International of Washington by 174.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 472 shares of the transportation company's stock worth $62,000 after purchasing an additional 300 shares in the last quarter. Finally, Quarry LP increased its position in shares of Expeditors International of Washington by 315.6% during the 2nd quarter. Quarry LP now owns 561 shares of the transportation company's stock valued at $70,000 after purchasing an additional 426 shares during the last quarter. Institutional investors own 94.02% of the company's stock.

Expeditors International of Washington Price Performance

Shares of Expeditors International of Washington stock traded down $1.29 during trading on Friday, hitting $113.01. 728,165 shares of the company's stock traded hands, compared to its average volume of 881,070. Expeditors International of Washington, Inc. has a 1 year low of $108.36 and a 1 year high of $131.59. The business has a 50-day simple moving average of $115.33 and a 200-day simple moving average of $119.62. The stock has a market capitalization of $15.82 billion, a P/E ratio of 22.03, a PEG ratio of 3.81 and a beta of 0.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The transportation company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a net margin of 7.39% and a return on equity of 32.12%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the firm posted $1.16 EPS. The business's quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities analysts predict that Expeditors International of Washington, Inc. will post 5.47 earnings per share for the current fiscal year.

Expeditors International of Washington Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.73 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Monday, December 2nd. Expeditors International of Washington's payout ratio is currently 28.46%.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. 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. TD Cowen increased 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. Bank of America reduced their target price on shares of Expeditors International of Washington from $129.00 to $120.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus lowered their price target on shares of Expeditors International of Washington from $122.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $117.44.

Insider Activity at Expeditors International of Washington

In other news, Director Robert Paul Carlile sold 3,000 shares of Expeditors International of Washington stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $121.11, for a total transaction of $363,330.00. Following the transaction, the director now owns 9,662 shares in the company, valued at $1,170,164.82. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

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.