Townsquare Capital LLC Grows Stock Position in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Townsquare Capital LLC lifted its stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 31.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,416 shares of the transportation company's stock after purchasing an additional 4,408 shares during the period. Townsquare Capital LLC's holdings in Expeditors International of Washington were worth $2,420,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXPD. TD Cowen upped their price objective on shares of Expeditors International of Washington from $106.00 to $108.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Wolfe Research cut shares of Expeditors International of Washington from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 9th. Barclays increased 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 note on Wednesday, November 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $118.44.

Expeditors International of Washington Stock Performance

Shares of NASDAQ EXPD traded up $0.39 during trading on Friday, hitting $121.64. The company had a trading volume of 427,478 shares, compared to its average volume of 1,277,434. The stock has a 50 day simple moving average of $121.68 and a 200 day simple moving average of $121.95. The firm has a market capitalization of $17.03 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98. Expeditors International of Washington, Inc. has a 12 month low of $111.20 and a 12 month high of $131.59.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The transportation company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.30. Expeditors International of Washington had a return on equity of 32.12% and a net margin of 7.39%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company's quarterly revenue was up 37.0% on a year-over-year basis. As a group, analysts predict that Expeditors International of Washington, Inc. will post 5.43 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 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 dividend payout ratio (DPR) is presently 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.