Thrivent Financial for Lutherans Has $93.63 Million Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Thrivent Financial for Lutherans trimmed its position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 712,527 shares of the transportation company's stock after selling 47,259 shares during the quarter. Thrivent Financial for Lutherans owned 0.50% of Expeditors International of Washington worth $93,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. grew its stake in Expeditors International of Washington by 581.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 409,398 shares of the transportation company's stock valued at $51,089,000 after purchasing an additional 349,362 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Expeditors International of Washington by 2,286.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 321,879 shares of the transportation company's stock worth $42,295,000 after buying an additional 308,390 shares during the period. International Assets Investment Management LLC raised its stake in Expeditors International of Washington by 15,046.0% in the 3rd quarter. International Assets Investment Management LLC now owns 266,873 shares of the transportation company's stock valued at $35,067,000 after purchasing an additional 265,111 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Expeditors International of Washington by 140.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 439,133 shares of the transportation company's stock valued at $57,702,000 after purchasing an additional 256,317 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Expeditors International of Washington by 16.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,582,963 shares of the transportation company's stock valued at $197,538,000 after buying an additional 227,671 shares in the last quarter. 94.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on EXPD shares. Benchmark restated a "hold" rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. TD Cowen lifted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. UBS Group raised Expeditors International of Washington from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $95.00 to $137.00 in a report on Thursday, August 1st. Wolfe Research cut Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 9th. Finally, Barclays lifted their price objective on Expeditors International of Washington from $105.00 to $110.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $118.44.

Expeditors International of Washington Price Performance

Shares of EXPD traded up $0.20 on Monday, hitting $120.37. The company's stock had a trading volume of 1,004,516 shares, compared to its average volume of 1,219,243. The company has a 50 day moving average price of $122.01 and a 200 day moving average price of $121.72. Expeditors International of Washington, Inc. has a fifty-two week low of $111.20 and a fifty-two week high of $131.59. The company has a market capitalization of $16.85 billion, a PE ratio of 23.46, a PEG ratio of 3.45 and a beta of 0.98.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last released 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 net margin of 7.39% and a return on equity of 32.12%. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The firm's quarterly revenue was up 37.0% on a year-over-year basis. On average, equities analysts forecast that Expeditors International of Washington, Inc. will post 5.37 EPS for the current year.

Expeditors International of Washington Announces Dividend

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

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.